Lots of US companies asking to come back to Russia

Lots of US companies asking to come back to Russia - Putin envoy

RT.com
07 Apr 2025, 01:13 GMT+10

Moscow will prioritize joint ventures and domestic firms, Kirill Dmitriev has said

A large number of US firms that left Russia due to political pressure are asking to come back, Russian President Vladimir Putin's investment envoy, Kirill Dmitriev, has said.

Many US and European companies pulled out of Russia after a wave of unprecedented sanctions imposed by the West in the wake of the escalation of the Ukraine conflict in 2022.

"We see a large number of requests from American companies, in the energy sector, in many other areas," the investment banker told Russia 1 TV in a Sunday interview on the results of his recent visit to Washington.

Moscow gives priority to domestic businesses and joint ventures with foreign firms, added Dmitriev, who is also the CEO of the Russian Direct Investment Fund (RDIF).

"They can only come where Russia will welcome them because the priority is both for Russian companies and for joint partnerships with foreign companies," he said.

During the course of his talks with the US, he "discussed a large number of joint potential investment projects in rare earth metals, in the Arctic, and in the LNG sector," Dmitriev said.

He expressed "cautious optimism" about a further thaw in US-Russian relations, and said that new contacts are expected next week.

Some 150 American companies are still active in Russia, despite political pressure to leave, Dmitriev said.

The US companies that left will not find their return easy, as a number of their former market niches have been filled by Russian companies, the envoy told Reuters in February.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Yorkshire Observer.

More Information

null in null

World

Section

Toyota’s global output rises as Japanese buyers return

Toyota's global output up for second month in February on Japan sales

TOKYO, Japan: Toyota is showing signs of a steady rebound in its home market, posting a second straight month of rising global output...

Hollywood legend Oliver Stone blasts Russiagate lies

The filmmaker argued that hatred towards Moscow was a product of propaganda Oscar-winning director Oliver Stone has said that the...

"Massive financial deficits with China, EU can only be cured with tariffs": Donald Trump

Washington DC [US], April 7 (ANI): US President Donald Trump defended his administration's implementation of reciprocal tariffs on...

G7 Foreign Ministers express concern over China's "provocative" military drills around Taiwan

Washington DC [US], April 7 (ANI): The G7 Foreign Ministers, along with the High Representative of the European Union, expressed concern...

Pakistan: Terror attacks in Khyber Pakhtunkhwa claim 152 lives in 2025

Peshawar [Pakistan], April 7 (ANI): During the first quarter of 2025, terrorist attacks in Khyber Pakhtunkhwa (KP) resulted in the...

"Taiwan has no plans to take retaliatory actions against US tariff": President Lai

Taipei [Taiwan], April 7 (ANI): Taiwan has no intention of retaliating against the 32 per cent tariff imposed by US President Donald...

UK Sports

Section