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Koch Industries refuses to break ties with Russia despite Corporate America's mass exodus
The conglomerate owns three subsidies with direct involvement in the Russian economy
www.salon.com
3.15.22
Koch Industries, the Wichita-based petroleum company run by right-wing billionaire Charles Koch, has kept its Russia-based operations going despite Corporate America's mass exodus from the country amid Russia's devastating invasion of Ukraine. According to Popular Information, the conglomerate owns a number of Russia-based subsidiaries. Notable among them is Guardian Industries, an Auburn Hills, Michigan-based manufacturer of industrial glass and other products. The subsidiary reportedly runs two Russia-based facilities in Ryazan and Rostov. Electronic components manufacturer Molex, another Koch Industries subsidiary, offers its products through a "network of third-party distributors across Russia," as Popular Information reported. Two letters released by Molex in February and March indicate that the company has no intention to suspend operations in Russia. Koch Industries also owns Koch Engineered Solutions, a subsidiary that "specializes in process and pollution control equipment that help industrial facilities to operate responsibly." According to Popular Information, Koch Engineered Solutions runs a sales office out of Moscow. The company reportedly has a history of evading U.S. sanctions to support its bottom line.
Billionaire Charles Koch, a huge contributor to the Republican Party, will not shut down his Koch Industries operations in Russia.
I can only surmise that Mr. Koch supports Putin's brutal invasion of Ukraine.