As Moscow and Washington discuss how to end the war in Ukraine, one of the many questions on investors’ minds is whether the corporate exodus from Russia in opposition to the February 2022 invasion of its neighbor may be reversed.

Vladimir Putin has ordered his cabinet to prepare for the return of western companies, a sign of 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.