Alexander Murychev, Chairman of the FBA EAC Board, spoke on the return of foreign companies to the Russian market at the meeting of the RSPP commissions
Due to the urgency of the issue for the chemical and pharmaceutical industries, RSPP established a Temporary Working Group, which prepared proposals on the conditions of the return of foreign players:
- basic requirements for the companies wishing to resume operations in the Russian Federation (including suppliers and former asset owners);
- mechanisms to control the return of foreign investors, including the level of localization, technology transfer and protection of the Russian owners’ rights;
- tools to protect domestic businesses, including risk assessment and expert decisions on the appropriateness of return;
- platforms for dispute resolution, if foreign companies resume their operations.
Alexander Murychev reminded of the instructions of Russian President Vladimir Putin to prepare legislative amendments regulating transactions with unfriendly foreign investors by the 15th of May, 2025, including the repurchase of assets sold after February 2022.