The senators proposed the conditions for the return of the concerns of foreign cars to Russia

The conditions must guarantee the preservation of production in Russia, even with the care of foreigners. The companies, “who promised location for many years, escaped from Russia as soon as possible, without leaving any technology or competitions,” said senators. Now “one cannot exclude” the probabilities of its performance, but the conditions under which they will enter the Russian market again should “take into account the interests of Russian manufacturers” are indicated in the letter.

Based on the compound. Senators suggested that foreign car manufacturers work only with Russian companies as part of a joint business, while control must remain behind the Russian side. All the results of the intellectual activity, the design documentation and any development must belong to a joint business.

In addition, foreign companies must work “within the framework of the general rules, high requirements for location without any preferential regimes and exceptions.” If the car’s concern wants to work in Russia, your country should raise all sanctions against Russia, the senators concluded.

• On February 25, Vdomosti reported that the government began to develop conditions for the return of foreign companies in hostile countries. The lawyers and overlapping analysts said it would be difficult for foreign brands to return due to legal obstacles.
• On February 20, the general director of Renault Luke de Meo said that the car manufacturer does not exclude the possibility of returning to the Russian market. In response to this, the mayor of Moscow, Sergei Sobyanin, said that Renault shines in Russia.
• The South Korean agency Renhap reported the possible return of Hyundai’s carrier to Russia. According to him, the company considered the option to buy its old plant in San Petersburg. Hyundai refuted this information.