Western companies quietly return to Russia
Special Representative of the Russian President Reveals Foreign Companies Quietly Returning to Russia’s Market
The special representative of the Russian president for investment, Kirill Dmitriev, revealed that foreign companies that left Russia in the past three years following the Ukraine war are now quietly returning to the country’s market, away from media attention.
American, European, and Asian companies exited Russia due to supply chain disruptions caused by unprecedented Western sanctions imposed on Moscow in 2022 amid escalating tensions. Others were forced to leave over fears of secondary sanctions or public pressure.
In March, Putin ordered his government to establish clear and strict regulations for Western companies seeking to return to Russia’s market in order to protect domestic producers.
Dmitriev told reporters on Thursday: “This trend exists; we see some companies have already returned—itS just not being publicized. Though, this process is undoubtedly underway.”
He noted that he recently met with representatives of over 150 American companies still operating in Russia despite multiple rounds of sanctions.
The official added: “Russia has always maintained a highly positive approach toward responsible partners investing in the country.”
According to Putin’s envoy, American companies lost more than $300 billion by exiting the Russian market. When asked about conditions for Western firms’ return, Dmitriev stressed that the government is actively “setting rules” for this process—not as a barrier but prioritizing protection for domestic businesses.
Moscow and Washington have taken steps since January under U.S. President Donald Trump’s governance to improve bilateral relations. Both nations held several high-level meetings recently aimed at strengthening diplomatic ties and resolving the Ukraine crisis.
