Putin’s Davos flops after sanctions
Oh dear. It seems that starting an unprovoked war is not the best way to inspire foreign investment in your country. For 25 years, the Kremlin has touted the St Petersburg International Economic Forum (SPIEF) as Russia's equivalent of the World Economic Forum, using the summit to try to attract the forces of capital. But after a string of sanctions, it seems that no one from the West now wants to be seen at 'Putin's Davos' this week (quelle surprise). No names of American and European companies or their CEOs are on the published schedule for SPIEF, which begins today and ends Saturday.