Friday, 23 May 2014

The ways of the Cold War II

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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