H&M reported the absence of plans to return to Russia

“At present, we have no plans to resume work in Russia,” said the H&M press service.

In mid -February, the STC sent Uniqlo, Inditex and H&M to return to Russia. The union declared that they were ready to promote a dialogue, resolve logistics difficulties, as well as “maintain reintegration without obstacles” of foreign businesses.

The organization said they interviewed more than 100 largest shopping centers in Russia to discover their willingness to start cooperating again with deceased companies, more than half of the mall responded positively.

Context. The return of the deceased companies to Russia is discussed in the context of the first in three years of negotiations in Moscow and Washington, which took place on February 18 in Riad. The parties, in particular, agreed to restore the work of the embassies of the two countries and announced the study of agreements at the end of the conflict in Ukraine.

One of the participants in the Russian delegation, the head of the Russian Direct Investment Fund (RDIP) Kirill Dmitriev, then declared that the Foundation “is waiting for the return of several US companies to the Russian market already in the second quarter of 2025.” The return process “will be difficult, since many niches are already busy.”

Who will return? The Korean agency Renhap wrote that Hyundai Motor Group, Samsung and LG Electronics was evaluated by the possibility of returning to Russia. In addition, the Mash Telegram channel reported that Russia activities could resume Coca-Cola, the shooting telegram channel wrote that several Uniqlo employees received a question from the former leader about his willingness to return to work.