The Russian government is developing criteria under which foreign companies that exited the country after the start of its full-scale invasion of Ukraine could be allowed to return, RBC reported on Thursday, citing sources familiar with the discussions.
Officials are drafting baseline requirements for reentry, including:
- the company continued paying salaries to employees prior to its exit from the Russian market;
- it has no outstanding debts related to wages, taxes, or other mandatory payments;
- neither the company nor any affiliated entities provided financial support to the Ukrainian Armed Forces, so-called “foreign agents,” “undesirable” organizations, or similar groups.
Companies would also need to receive approval from a government subcommission. As Russian Prime Minister Mikhail Mishustin has previously stated, a “special commission” would assess each application on a case-by-case basis.
Additional conditions under discussion include guarantees of a certain level of localization within a set timeframe; technology transfers; the establishment of research and development centers in Russia; investment benchmarks for research and development; and the creation of joint ventures with either the current Russian owners of the company’s former local business or with strategically important Russian enterprises.
Authorities are also expected to consider whether a company’s products are on the list of goods prioritized for import substitution, as their return could pose unwanted competition to domestic producers.
One proposal would give Russian businesses a chance to assess the potential risks associated with the return of foreign firms and submit their views on possible consequences.
RBC’s sources noted that it remains unclear which of these conditions will appear in the final policy following internal discussions and approvals.
In mid-March, The Bell surveyed Western companies that exited Russia after the full-scale invasion about whether they planned to return. The outlet contacted more than 60 firms that had been among the top revenue generators before leaving. Twenty-one responded—none confirmed any intention of returning.
According to The Korea Times, South Korean companies including Samsung, LG Electronics, and Hyundai are considering a return to the Russian market amid talks of a possible ceasefire and the potential easing of some sanctions.
