Washington, D.C. – Senate Majority Leader Chuck Schumer (D-NY) and Senate Finance Committee Chairman Ron Wyden (D-OR) released the following statement regarding Koch Industries continuing operations in Russia despite Putin’s illegal invasion of Ukraine:
“Koch Industries is shamefully continuing to do business in Putin’s Russia and putting their profits ahead of defending democracy. The noxious stench of Trump still hangs over Koch Industries. As the democracies of the world make huge sacrifices to punish Russia for Putin’s illegal and vicious invasion of Ukraine, Koch Industries continues to profit off of Putin’s regime. It is time for Koch Industries to put the values of democracy ahead of its own profits. We are calling on Koch Industries to immediately suspend their operations in Russia.
“Senate Democrats are exploring legislation to add Russia to existing laws that already deny foreign tax credits for taxes paid to North Korea and Syria. American companies that continue to do business in Russia should not receive U.S. tax benefits that offset taxes paid to Putin’s regime.”