Posts Tagged ‘Davos’
New ski resorts — in Russia’s restive Caucasus
The timing couldn’t have been worse. Russia’s government unveils a plan to build five ski resorts in the majestic, largely uncharted slopes of the Northern Caucasus. And asks executives at the World Economic Forum to join in the $15 billion investment.
The problem: The Wednesday night presentation came two days after a bomb blast pummeled the international arrivals terminal of Moscow’s largest airport, killing 35. Suspicions immediately fell on extremists from the Northern Caucasus — including Chechnya, which fought two wars with Moscow over the last 16 years, and the neighboring Russian republic of Dagestan, future home to one of the new resorts.
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Medvedev to Face Khodorkovsky and Magnitsky in Davos
President Dmitry Medvedev will arrive late for the 41st annual World Economic Forum in Davos, Switzerland, where he is scheduled to give the Wednesday keynote speech.
The announcement of Medvedev’s delayed departure from Moscow was made on Monday as he dealt with the aftermath of the explosion at Domodedovo Airport — but his trip has not been canceled.
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Davos Man and Khodorkovsky
The Russian phrase for it is pryamoi razgovor, and it’s rare to hear from Russia’s political elite: straight talk. But that’s what a senior adviser to Russian President Dmitry Medvedev delivered last week about the latest show trial of former oil tycoon Mikhail Khodorkovsky.
Mr. Khodorkovsky was Russia’s richest man until he earned the ire of Vladimir Putin by supporting liberal political causes and attempting to open his oil company to the West. Imprisoned in 2003 on charges of tax evasion, he was set to go free this year. But he was retried last year for different crimes and sentenced to six more years in Siberian prison.
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Here comes the Russian bear
When Russian President Dmitry Medvedev takes to his feet in a swanky new conference centre in the Swiss resort of Davos this Wednesday he will need to make the speech of his life.
For although the Kremlin is still basking in the afterglow of BP’s landmark £10bn share-swap deal with state-controlled oil giant Rosneft, the clouds are gathering. Mr Medvedev’s message to the great and good of the global business elite will be that Russia is “open for business” and committed to making life easier for foreign investors. Show us your money and ideas, send us your experts, and let us buy stakes in your companies in order to make it a two-way process, he will say.
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