Vladimir Putin has ordered his cabinet to prepare for the return of western companies, a sign of a potential corporate renaissance from the unfolding US-Russia rapprochement.
Russia’s president said on Friday he wanted Russian companies to have “certain advantages” over “those that return to our market” as payback for western sanctions.
While the measures would be defensive, the comments are the first top-level indication that Russia is serious about welcoming back western companies after Putin’s full-scale invasion of Ukraine three years ago sparked a corporate exodus.
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