Vladimir Putin has ordered his cabinet to prepare for the return of western companies, flaunting a potential corporate renaissance from the unfolding US-Russia rapprochement. Russia’s president said on Friday he wanted Russian companies to have “certain advantages” over “those that return to our market” as payback for western sanctions.

During an address to his cabinet, Putin said Russian companies should receive "certain advantages" over those returning to the market, as a response to Western sanctions. Russian Foreign Minister Sergey Lavrov stated that access for Western businesses will be "limited" and permitted only in sectors where there are no risks to the Russian economy