The State Duma proposed to introduce a tax on the return of departed car brands

Automobile companies that have left the Russian market and decide to return should be imposed a special tax. Stanislav Naumov, deputy chairman of the State Duma Committee on Economic Policy, said this during a roundtable in the State Duma, discussing the bill on establishing requirements for the level of localization of cars used as cabs, Izvestia correspondent reports on February 21.

"Who hinted to you in principle that they can be returned in a localized state? We will still think whether to return them or not, I am absolutely serious when I say. And if we do, there will be a special tax for the return. It will be equal in size to the lost profit for any foreign company, which under the flag of shame ran away from our market and framed our entrepreneurs and partners. And let's send all this tax to the Defenders of the Fatherland Fund. And publicly say: Hyundai has transferred this much, and Toyota - this much," Naumov said.

The era of renaissance: foreign car companies want to return to Russia

Experts doubt the success of car brands that decided to return to the Russian market

On the eve it was reported that the CEO of Renault Luca de Meo said that the company does not rule out a return to Russia. According to the Financial Times, he said that buying out a controlling stake in AvtoVAZ is not a priority, but the brand's management is open to discussing business opportunities. AvtoVAZ said that the company is not currently negotiating with Renault.

Earlier on February 20, the head of the Ministry of Industry and Trade Anton Alikhanov said that the Western car industry, which left Russia, is not expected back "with open arms".

On February 14, it was reported that Hyundai Motor Concern may consider the option of buying back the plant in St. Petersburg and will make a decision on this by the end of 2025.