Manturov: Russia will not adjust system of preferences for domestic companies if foreign ones return

MOSCOW. Feb 20 (Interfax) - The system of preferences for domestic producers that has developed in Russia during the period of sanctions pressure will continue to function if foreign companies return to the Russian market, First Deputy Prime Minister Denis Manturov told reporters.

"During the time when sanctions packages were being formed one after another, the system of preferences in government procurement, as well as the system of support measures, have seriously evolved. Today, in the most important sectors for our technology sovereignty, domestic producers, as well as producers from the Eurasian Economic Union (EAEU), have absolute priority. Conditions have been created regarding localization, technology transfer and control over projects by Russian participants for joint projects with foreigners. We will not deviate from these principles, and this is the reality that foreign companies will have to keep in mind," Manturov said.

Manturov also said that Russia would allow those companies into the domestic market in whose return there is an interest.