A St Albans-based waste and recycling company has denied that they are continuing to operate in Russia.
Veolia, which works in partnership with St Albans City & District Council, is one of 14 other companies in the UK allegedly still operating in Russia, according to statistics published by Yale University in The Independent.
The university has been following the responses of more than 1,200 companies since the Russian invasion of Ukraine began. Almost 1,000 corporations have openly said that they are voluntarily restricting operations in Russia, while other companies have continued to operate in the country.
The Secretary of State for Foreign, Commonwealth and Development Affairs, Liz Truss, has admitted UK taxpayer money is still going to Russia.
She said: “The reality is, money is still flowing from the west into Putin’s ‘war machine’ and that has to stop.”
According to information obtained by The Independent, Britain has active contracts totalling just under £295million signed with 15 companies still doing business in Russia.
A spokesperson for Veolia said: “We utterly condemn war and violence in Ukraine. We are providing absolutely no new funding for our operations in Russia and have stopped all new investment and all financial flows between the group and our Russian subsidiary.
“In full compliance with the current sanctions regime, we are maintaining our responsibility to our employees and the communities we serve by continuing our vital public service operations in both Ukraine and Russia.”
The aim of the sanctions regime is to encourage Russia to cease its invasion of Ukraine.
St Albans City & District Council declined to comment.