Russia is preparing to return to Western companies to the market. Vladimir Putin has already issued the first command on this issue. This is the first clear signal that the country is actually heading in this direction. But for Western companies, this is not good news. Because the Russian leaders never forgot who was responsible for the billions of losses they incurred.
On Friday, Russian President Vladimir Putin directed his office to prepare for the return of Western businesses. However, he booked that Russian companies have “substantial advantages” over “people returning to our market” in retaliation against Western sanctions.
As the Kiev Warsaw Institute of Economics lists, 472 foreign companies have left Russia since the start of the war in Ukraine, with another 1360 restricting its activities.
Kirif Domitrick, head of the Russian National Welfare Fund, which helped organize the consultations among Russian Americans, claims that American companies lost $324 billion as a result of the Book of Egypt.
Will the US resume business with Russia? Possible dates
As the Financial Times comment, it is the “first signal” of Russia’s ready to embrace Western companies since the outbreak of war in Ukraine. Preparations began shortly after a meeting between the head of Russian Foreign Ministry Sergei Lavrov and Secretary of State Marco Rubio.
According to Lavrov, the US and Russia agreed to regulate the situation in Ukraine, appoint mutual ambassadors, abolish “distances to diplomatic missions” and set conditions to begin cooperation between the US and Russia.
“Russia is trying to put pressure on the United States, demanding sanctions and reductions in frostbite of frozen assets following the attack on Ukraine,” the Moscow Times says, quoting Dimitriev.
See: The US strengthens ties with Russia. Paul evaluated the Washington movement
Approximately $6 billion, or part of the Russian Central Bank’s reserves on American assets before the war broke out in Ukraine.
Dimitriew also added that Russia expects many American companies to resume operations in its markets in the second quarter of 2025.
Will Western companies return to Russia? Only under these conditions
Lavrov believes that Russia should allow Western companies to operate only in these sectors. “There is no economic risk.”
It is very difficult for Western companies to regain their position in the market, especially after their Russian counterparts have been taken.
See: The Russians lost it billions. Vladimir Putin issued a new command
It will also be difficult for Russian authorities to take over assets from branches of foreign companies, and charge a 50% discount on sales, leaving the Russian market.
– Detailed conversations are unlikely to be in charge of sanctions by the West – Deputy Russian Prime Minister Dennis Manturov, quoted by Ukraine Pravda.
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