- Posted May 7, 2014 by
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Russian Davos. Putin's attempt to stop economic collapse
Despite the threats of USA and Europe to apply once again a new package of rigid economic sanctions, which in their opinion should strike Russian economy and both large and medium business, Russia and Putin pay little attention to them as they already have become habitual one.
Moreover, an arrival of very solid delegation of business representatives (including American and European ones) on upcoming international economic forum to be held on May 22-24 is expected.
Considering a sharp worsening of situation in Ukraine and strengthening of pressure upon Russia, some decrease of the status of foreign companies’ delegations is certainly anticipated, but it has already been clear that the forum will take place and its format will be substantial.
As we can see the sanctions implementation’ threats influence too little on Russian business appeal for foreign investors, who will be provided personally with attention of president Putin during the summit. Any persuasions of assistants of President Obama, who have personally been calling heads of the large American companies with the request to support sanctions’ policy against Russia and to ignore St.-Petersburg international economic forum, do not find understanding among American business sharks.
Large American companies CEOs are afraid that the offered unilateral sanctions implementation concerning the whole sectors of Russian economy will lead to situation when the branches of Russian economy, in which dominant positions are occupied by the state enterprises, could dissolve deals with American firms and open market for European competitors according to Putin's instructions.
The European politicians also cannot negotiate resistance of large European business having more close economic ties with Russia and not wishing to lose huge income. All of them are being served with some different dressing saying that European economy has just started to overcome crisis, but now there are new problems, that could, as they say, endanger EU economy. Large business actually is not ready to incur losses and forces politicians to solve issues with Mr. Putin in amicable way. So, Putin has correctly calculated everything with Ukraine and at present there is nobody who can stop him.
All goes to that the sovereign state of Ukraine will become a small coin in the business game.
In spite of the fact that the political climate is worsening every day and statements of politicians are becoming more rigid this circumstance will hardly prevent strengthening of cooperation between the American and European business and Russia. Therefore the international economic forum in St.-Petersburg will take place in all weather, even non-flying one.
It became known that president Putin will personally watch who of the chiefs of large western companies being strategic Russian partners will arrive personally and who will send representatives under pressure of US administration. Accordingly, the further conditions of business dealing in Russia can sharply be changed for such foreign companies and not for the best. We all know Putin is able to be rigorous and unpredictable.
Whose message will appear more authoritative one in this case we will see later. Probably, the tacit competition between leaders of two world superpowers enters into a new, but not less fascinating phase.