American companies returning to Russia is the first positive thing about Riyadh talks.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, said that several American companies that left Moscow after the war in Ukraine began will probably return to Russia in the second quarter of 2025.
Dmitriev said that the Russian Direct Investment Fund expects some American companies to return to the Russian market in the second quarter of this year. However, the return process will not be easy for them, as many other companies have now taken their place.
According to him, American businesses have lost more than $300 billion after leaving Russia.
The data provided by Dmitriev show that the IT and media sector suffered the most losses ($123 billion). Consumer services and healthcare companies ($94 billion), financial services companies ($71 billion) and the energy sector ($10 billion) are next in the list of sectors that have suffered losses. The total loss to US companies is estimated at around $324 billion.
Dmitriev’s comments came a day after direct talks between Russia and the US began in Riyadh to end the war in Ukraine. US President Donald Trump had previously described the talks as positive, saying he was more confident than ever that the war would end.