Putin’s Efforts to Extend Commerce Deemed a Success

Vladimir Putin was out on a mission here in his hometown to re-boot his languishing economy after political moves involving Ukraine scared off investors in the past half year.
While voters were readying for an election this weekend in Ukraine, the Russian president spent 48 hours at the St. Petersburg International Economic Forum to convey a message to those in attendance, his domestic constituency and investors watching our coverage from abroad.

The images showed an engaged leader in constant dialogue with corporate titans and one helping to support dealmaking.

Putin stood proudly behind Igor Sechin, the CEO of his energy giant Rosneft, as he finalized a recent agreement with his counterpart Marco Tronchetti Provera of Italian tire manufacturer Pirelli.

The signing of seven agreements on Saturday capped off a week where Putin orchestrated a $400bn, 30-year agreement with China to export natural gas.
To underscore that moment, he invited a Chinese vice-premier to his annual roundtable. Bringing him here reinforced the new partnership and illustrates to the world Russia is moving east to Asia to capture business.

Alexey Ulyukaev, Russia Economic Development Minister and a member of “Team Putin” told a CNN emerging markets roundtable here at SPIEF. “This is our message: nothing personal, nothing political, just business.”

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza