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Russian Firms Spent Millions on U.S. Lobbying. Now They're Getting Dumped

  • At least $186 million spent to influence Washington since 2014
  • Nord Stream 2, EN+ Group and Sberbank among dropped clients
VTB Bank PJSC pavilion at the St. Petersburg.

VTB Bank PJSC pavilion at the St. Petersburg.

Photographer: Andrey Rudakov/Bloomberg

Russia’s business giants have paid lobbyists millions to influence U.S. lawmakers in recent years. Now, those relationships are fraying after the invasion of Ukraine, as firms drop sanctioned or controversial clients.

Lobbying contracts for at least six Russian companies have been canceled in the past week, according to federal disclosures. The moves are further isolating some of the country’s largest banks and energy companies, including those associated with the contentious Nord Stream 2 AG pipeline, which is owned by Russian giant PJSC Gazprom and was designed to transport natural gas from Russia to Western Europe.