Putin's world

Mixed Signals from Russia

St Petersburg Putin reuters
The wonderful world of Vladimir Putin.
  • Why it matters

    Why it matters

    Companies and governments are divided over the effectiveness of sanctions and the state of Russia’s economy.

  • Facts


    • The European Union agreed to extend sanctions on Russia for a further six months until January 2016.
    • The 15-month-long conflict in Ukraine has claimed the lives of nearly 6,500 people.
    • German companies are increasingly concerned about a loss of business as competitors make deals with Russian companies.
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When Russian President Vladimir Putin spoke at the St. Petersburg international business forum at the weekend, he berated foreign powers for threatening his country, whilst thanking foreign companies for doing business there

At the close of the three-day event, attended by representatives from around 1,000 companies, Mr. Putin complained that countries had encircled and threatened Russia after the fall of the Soviet Union instead of looking for new forms of cooperation.

The countries had “tried to take free geopolitical space for themselves,” he said. And though he called the countries “our partners,” his tone was sneering.

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