The NACP has added the Chinese car manufacturer Geely to the list of international sponsors of the war

23.06.2023
The NACP has added the Chinese car manufacturer Geely to the list of international sponsors of the war
The National Agency on Corruption Prevention (NACP) listed the Chinese car company Zhejiang Geely Holding Group Co., Ltd, known as Geely, on the list of international sponsors of the war. Geely continues to pay taxes to the Russian budget, actively support its economy and, accordingly, sponsor aggression against Ukraine at a time when most car manufacturers from Europe, Japan and Korea stopped selling on the Russian market after the invasion of Ukraine. Geely is privately owned by Chinese billionaire entrepreneur Li Shufu and owns several brands including Geely Auto, Lynk & Co, Zeekr, Volvo Cars, Polestar, Lotus, London Electric Vehicle Company, Farizon Auto, CAOCAO Mobility. In the Fortune Global 500 list of the world's largest companies for 2022, it took 229th place. Daniel Lee, the executive director of the Geely holding company, said that he did not want to tell his companies to leave the Russian market. "I absolutely don't understand why we should be forcing each of our car brands to punish the Russian customer",-  he said, speaking at the FT's Future of the Car Summit. He personally supported the decision of the Geely car brand to increase car sales in the Russian Federation after global competitors left the market following Russia's invasion of Ukraine. So, sales of cars under the Geely brand in Russia in the first three months of 2023 more than doubled compared to last year, from 5,543 units to 12,673 units. And the revenue of Geely Auto Group for 2022 amounted to more than 20 billion dollars. USA. The distributor of the Geely brand in Russia is Geely-Motors LLC, whose sales for 2022 grew by 82% to 800 million dollars. USA, net profit grew by 5105% to $201 million, taxes to the budget of Russia were paid in the amount of more than $51.4 million. USA. The company continues to present and sell new models of cars of its brand in the Russian Federation. As of May 2023, the network of official Geely dealers is represented in 89 Russian cities and has 157 dealer centers. There were no attempts by the company's management to condemn Russia's war against Ukraine.

Latest News

08.10.2025
15:38
Transparency Register: the most popular lobbying areas are economic development, regulatory, legal, financial, tax, and customs policies
06.10.2025
17:24
Lifestyle Monitoring: Results for the Third Quarter of 2025
03.10.2025
16:01
OECD monitoring team noted Ukraine’s progress in the field of anti-corruption policy – report details
15:30
Results of control over the completeness of declaration filing: violations of financial control requirements totaling over UAH 180 million were identified
02.10.2025
17:45
MPs as sole proprietors: NACP revealed numerous violations in declarations amounting to tens of millions of hryvnias
17:30
Lifestyle monitoring: nearly UAH 3 million may be recovered to the state from an official of the Strategic Investigations Department in Odesa region
17:15
Who cannot be a lobbyist in Ukraine: restrictions of the Law “On Lobbying”
15:00
Victor Pavlushchyk: Political neutrality of the NACP is the key to the trust of citizens and international partners
30.09.2025
18:30
Hromadske, in cooperation with NACP and EUACI, released a documentary film about anti-corruption in Ukraine
12:17
Further cooperation between NATO's Representation to Ukraine and NACP will be strengthened — Tim Pollmeier during a meeting with the Head of NACP
26.09.2025
14:46
Ukraine’s progress in preventing and combating corruption: results of the fifth round of evaluation under the OECD Istanbul Anti-Corruption Action Plan have been published
24.09.2025
16:15
Full audits: a former MP from Lviv region has been served with a notice of suspicion for false asset declaration
23.09.2025
17:47
Lifestyle monitoring: a land management deputy of Brovary district is accused of illegal enrichment of nearly UAH 30 million
15:15
Full audits of asset declarations: director of a municipal enterprise from Rivne notified of suspicion of false declaration
12:30
Civil confiscation: almost 60% of HACC decisions are based on NACP materials
19.09.2025
16:30
Anti-Corruption Communication: Lessons and New Challenges in 2025
15:00
Lobbying vs Corruption: What’s the Difference
17.09.2025
18:00
Assets worth UAH 1.6 million were recovered to the state budget from a prosecutor of the Office of the Prosecutor General based on NACP materials
16.09.2025
18:45
Tax reform: implementation of anti-corruption mechanisms discussed at NACP
16:06
Anti-Corruption Expertise: NACP provided recommendations to eliminate corruption risks in the areas of housing for internally displaced persons, property relations and reintegration of defenders
Чат-бот Telegram
contact center
Чат-бот Telegram
Contacts
+38 (044) 200-06-94 info@nazk.gov.ua
працює з 9:00 до 18:00
Технічна підтримка
support@nazk.gov.ua