Renault's former partner, Avtovaz, indicated that the French automaker could owe $1.3 billion to return to Russia, following its 2022 exit when it sold its assets for a ruble. This sum reflects investments made by Avtovaz and the Russian state since Renault left. With discussions about U.S.-Russia relations easing, the prospect of Western companies like Renault returning to Russia is under consideration, but they must navigate significant compensation demands. For now, Renault has no immediate plans to re-enter the Russian market.
Renault may need to pay $1.3 billion to re-enter the Russian market, following its exit and amidst compensation demands for foreign businesses returning after the war.
CEO of Avtovaz stated that the 112.5 billion rubles invested since Renault's exit must be reimbursed upon the company's potential return to Russia.
Despite high compensation demands, discussions about Western businesses returning to Russia continue, fueled by shifts in U.S. political willingness toward reconciliation with Moscow.
An expert emphasized the importance of considering Sokolov's claims about compensation seriously, highlighting the complexities foreign firms face when re-entering the Russian market.
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