This
year´s edition of the St Petersburg International Economic Forum, an annual
event that aims at bringing together the Chief Executive Officers (CEO) of
major world corporations, started last night with a grandiose nine-course
banquet. This is an important event that the current state of affairs between
Russia and the West has made even more significant. Therefore, the fact that
seven of 12 key participants from the US have decided to cancel their
participation cannot be ignored. For the US, more in their case than for the
Europeans, the severing of as many economic relations with Russia as possible
is the key response to President Putin´s policies towards Ukraine. This approach
is considered in Washington as the best and most impactful way of undermining
Russia. The new face of our modern day “Cold War” is above all about economic
muscle and financial measures.
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