Скачать или смотреть Europe showing fresh interest in Russian trade

(16 Jun 2016) Increased attendance at this year's St. Petersburg International Economic Forum (SPIEF) on Thursday signaled what could be an emerging movement within the European Union (EU) to ease sanctions placed on Russia.
Once a showcase of Russia's geopolitical weight and economic attractiveness, SPIEF, dubbed Russia's Davos, was a sore sight the past two years.
The sanctions didn't only affect the Russian economy by closing long-term EU lending to Russian companies but also triggered a Russian import ban on produce from the EU.
However, chief executives of major European and US companies that are either engaged in long-term projects in Russia or whose projects were affected by the sanctions were among the most vocal attendees at this year's event.
At a panel, the CEOs of energy giants like BP, Total and ExxonMobil were full of praise for the Russian energy sector and their business partners.
BP's Group Chief Executive Robert Dudley, described Russia as a nation open to foreign investors, as well as home to "a very strong experienced set of operators and professionals."
US authorities have explicitly advised businesses against attending the forum and the State Department on Wednesday dismissed the participation of ExxonMobil, a pillar of the American economy, as an exception.

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