Russia Open to Western Companies’ Return, Officials Say, But on Moscow’s Terms

INSUBCONTINENT EXCLUSIVE:
Moscow, Russian officials, including President Vladimir Putin, made clear on Tuesday that any re-entry to the market would come with strict
conditions.Putin warned that foreign businesses would not be allowed to repurchase their Russian assets at the low prices they sold them
for, nor would they receive preferential treatment
Entrepreneurs, a major business lobby.Hundreds of Western companies ended or scaled back operations in Russia following the full-scale
invasion of Ukraine
The first direct U.S.-Russia talks since then, held in Saudi Arabia last month, coincided with a wave of Russian media reports claiming that
special envoy for international economic and investment cooperation, U.S
companies will be required to form joint ventures with Russian businesses that have taken over their market share.At the same time, First
Deputy Prime Minister Denis Manturov said that Russian beneficiaries would need to retain control over these ventures and the technologies
many Western sanctions and replaced some foreign brands with domestic alternatives, it has signaled an interest in easing restrictions for
returning firms as part of potential negotiations to end the war in Ukraine.Trade between Russia and the U.S
remains minimal, with American exports to Russia totaling just $500 million in 2024, while Russian exports to the U.S
reached $3 billion.