As the talks toward a truce between Russia and Ukraine are gaining momentum, major Korean companies are accelerating their feasibility studies on resuming business in Russia. The move comes as Russia is seen as a critical market for diversifying business interests, especially amid growing tariff pressures from the United States.
Yeah that’s going to be interesting to see. Putin already stated that Russia will not allow foreign companies to operate in Russia the way they’ve done previously. So, it’s likely to be a much more limited arrangement this time around with Russian companies owning majority share in any joint projects.
So they are taking a page out of China’s playbook? If that is really the case that’s a very positive development for Russia. It would be good to see them finally come to their senses on economic policies.