MOSCOW, March 4. /TASS/. Russia’s government has drafted three scenarios for managing relations with foreign partners amid the current economic situation and the sanctions policy of a number of countries, First Deputy Prime Minister Andrey Belousov said following the meeting of representatives of the Russian Union of Industrialists and Entrepreneurs (RSPP) and Delovaya Rossiya, according to a statement released by the cabinet’s press service on Friday.
"Today, enterprises may appear, whose shareholders decide to leave the Russian market. In this respect, there are three options. The first suggests that a company continues full-fledged operations in Russia, fully ensuring the supply of commodities, materials, components necessary for production, labor obligations to employees are met," the press service quoted Belousov as saying.
The second option envisions the transfer of the stake of foreign shareholders to the management of Russian partners followed by the possibility of returning to the Russian market, First Deputy PM said, adding that representatives of the Russian business are ready for this option, whereas certain investors have already used it.
The third option under consideration implies that a company leaves the Russian market, closing the enterprise and firing employees, which is considered by the government virtually as an intentional bankruptcy, Belousov said. "In this option, we will interfere through the quick bankruptcy procedure as it is an absolutely prior task for us to maintain employment and social well-being so that reputable businessmen could ensure the efficient operation of business," he explained.
Meanwhile, the Russian government is preparing to take necessary measures to support employment due to foreign companies leaving the Russian market, the press release said. All policies readied by the cabinet are aimed at supporting production and business activities in the country, maintaining employment, as well as the recovery of activities of all enterprises as soon as possible, the government’s press service noted.