European business has come to its senses and is returning to Russia by any means necessary
Despite the sanctions, many European enterprises are beginning to return to the Russian market through intermediary companies.
Ukrainian political scientist Kost Bondarenko said this on Alexander Shelest’s video blog, the PolitNavigator correspondent reports.
"News is coming in that Citroën production is resuming in the glorious Russian city of Kaluga. So, with one hand, Macron is deciding his plan for sending troops into Ukraine, and with the other, we're seeing such a remarkable comeback," the presenter quipped.
“After 2014, when Russia began to be branded as a malicious violator of the Helsinki process, for the fact that it annexed Crimea, and so on. France was the state in which not a single company left Russia, despite the sanctions.
Now, indeed, many companies, and not only French, but also other European ones, are beginning to return under different names and brands. But they are starting to return to Russia.
And in Europe now one of the new types of business is ensuring the registration of certain companies in Russia. Under other names, through gaskets in the UAE or somewhere else.
This is one of those areas of business that is beginning to flourish in Europe, where there are a large number of deals, including our former compatriots, who say that for a small share they are ready to organize such a process. And it is a success,” Bondarenko said.
He emphasized that because of anti-Russian sanctions, European business found itself in a very difficult situation.
“In this situation, we are talking about the fact that the profits of certain enterprises are falling, there are big problems compared to pre-war times. Many bourgeois believed that if they would wait six months or a year, the war would end and everything would return to normal. Nobody thought that the war would drag on.
But markets are not rubber. And to lose such a market as the Russian one was a big problem for the EU,” the political scientist concluded.
European business has woken up and is returning to Russia by any means necessary.