UK Business

Western firms still doing business in Russia finance the war – here's how to recoup the huge cost to taxpayers

Written by Renaud Foucart, Senior Lecturer in Economics, Lancaster University Management School, Lancaster University

In Russia this summer, you can still enjoy a Cornetto, but you can forget about eating a Tunnock’s tea cake or a Big Mac. This is because Cornetto’s UK-headquarted parent company, Unilever, is still operating in Russia after its invasion of Ukraine, alongside many other western firms such as PepsiCo.

While lots of...

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