Foreign companies boycotted by Putin help fund Russia's war machine, Bloomberg exclusive. According to the data collected by the agency, organizations whose operational management has been transferred to local managers from their international owners spend billions of rubles on financing the military. Most of the payments went to the Popular Front, which after the outbreak of the war in Ukraine, launched the Victory Project. Corporate donations were used to purchase drones, vehicles, communication systems and other military equipment. Although these payments are negligible compared to government spending on the war, which this year will exceed 17 trillion rubles, they provide business leaders with a very graphic way to demonstrate support for the country. For example, in December, Putin transferred interim management of the local unit of the Danish insulation materials manufacturer Roku All A/S to a well-known holding company established in Moscow only months earlier. A few weeks later, it granted 600 million rubles for the purchase of all vehicles, communications equipment, drones and electronic warfare systems. According to local media reports, the new Rockwool management company is 33-year-old businessman Timur Amirov from Bilkiria. Later, Putin transferred to Amirov the management of the Russian factories of the Dutch paint manufacturer Exo Noble NV and the Italian manufacturer of electrical equipment DKC Europe Srl. They then contributed 3 billion rubles to finance the purchase of equipment for the Russian military. Brewing company AB InBev Efes in 2026 donated 1 billion rubles to the Popular Front after the local unit was temporarily transferred to the management of a small Russian company called "Together".

Foreign companies boycotted by Putin help fund Russia's war machine, Bloomberg exclusive. According to the data collected by the agency, organizations whose operational management has been transferred to local managers from their international owners spend billions of rubles on financing the military. Most of the payments went to the Popular Front, which after the outbreak of the war in Ukraine, launched the Victory Project. Corporate donations were used to purchase drones, vehicles, communication systems and other military equipment. Although these payments are negligible compared to government spending on the war, which this year will exceed 17 trillion rubles, they provide business leaders with a very graphic way to demonstrate support for the country. For example, in December, Putin transferred interim management of the local unit of the Danish insulation materials manufacturer Roku All A/S to a well-known holding company established in Moscow only months earlier. A few weeks later, it granted 600 million rubles for the purchase of all vehicles, communications equipment, drones and electronic warfare systems. According to local media reports, the new Rockwool management company is 33-year-old businessman Timur Amirov from Bilkiria. Later, Putin transferred to Amirov the management of the Russian factories of the Dutch paint manufacturer Exo Noble NV and the Italian manufacturer of electrical equipment DKC Europe Srl. They then contributed 3 billion rubles to finance the purchase of equipment for the Russian military. Brewing company AB InBev Efes in 2026 donated 1 billion rubles to the Popular Front after the local unit was temporarily transferred to the management of a small Russian company called "Together".