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Most of the foreign companies that stopped doing business in Russia or left the market will “sooner or later” return. This opinion was expressed in an interview with RBC by Deputy Prime Minister Marat Khusnullin. But before that, we need to wait what will happen next with the sanctions and the military operation, he stressed.
Marat Khusnullin - RBC: "We need to save the economy" Business
“I have acquaintances in Europe, other countries who have long-term relations with our country, do not want to leave Russia, do not support sanctions . But they are under pressure,” says Khusnullin. According to him, sanctions cannot close the country from the world, because "there is a business all over the world that wants to make money." “There are partnerships that have evolved over years, even decades. And people don't want to lose that relationship. None of those with whom I personally spoke told me: “We don’t want to work with Russia anymore, and we left you forever,” the Deputy Prime Minister explains.
The Ministry of Industry and Trade said that IKEA is looking for an opportunity to reopen in Russia
Khusnullin stressed that "huge foreign companies" appeared in Russia "for a reason." Favorable conditions were created for their work, including a “profitable” taxation system. “They are making money here. Few refuse money. Therefore, we need to survive, put politics aside, and everything will fall into place, ”Khusnullin believes.
Following Russia's recognition of the independence of the LPR and DPR on 22 February and the outbreak of hostilities in Ukraine on 24 February, the United States , the European Union and other countries imposed sanctions against Moscow. Some international retailers, manufacturing, consulting and other companies have suspended their work in Russia or left the market. According to the Yale School of Management, more than 750 companies have announced the reduction of work in Russia or investment in Russian business.
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