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Tuesday, April 24, 2007

 

London’s Russian Economic 
Forum opens under boycott cloud

By Lucie Godeau

LONDON: The 10th annual Russian Economic Forum, a British-ledeffort which opened here Sunday to showcase the country’s businesses to potential investors, is clouded this year with a boycott by some top Russian officials.

Leading businessmen including an executive from state-controlled gas giant Gazprom and an economic adviser to President Vladimir Putin are among those who have canceled their attendance at the 11th hour amid rising political tensions between London and Moscow.

“There won’t be any high officials this year at the forum,” Jonti Small, spokesman for event organizers Eventica, confirmed on Friday.

According to three sources close to the Kremlin quoted Friday by the Russian newspaper Kommersant, the sudden decision to boycott the event was “an order from above.”

One of the sources said that the move came after a dispute with the British Foreign Office.

Russian businessman Boris Berezovksky, who was granted political asylum in Britain in 2003, provoked fury in Moscow last week when he called for the overthrow of Putin.

Ties between London and Moscow have also been strained since the assassination by radioactive poisoning of former Russian spy Alexander Litvinenko in November.

His associates accused Moscow of poisoning Litvinenko because of his opposition to Putin, a claim rejected by the Kremlin.

Ahead of the Forum’s opening, the head of the European Bank for Reconstruction and Development (EBRD) called on Russia and the European Union, of which Britain is a leading member, to iron out their political and economic differences.

“It is necessary [for them] to engage, to discuss, to treat political issues, but increasingly there are matters that can be tackled concerning business matters,” Jean Lemierre told Agence France-Presse.

“Relations between Russia and the European Union have never been as intense as they are currently, since the end of the Cold War,” he added.

The EBRD, which since 1991 has helped former Soviet bloc countries make the transition to market economies, last year doubled investment in Russia to 1.9 billion euros ($2.6 billion).

Lemierre is scheduled as one of the official speakers at the forum, which opens late Sunday with an informal gathering of delegates, and continues with speeches and presentations on Monday and Tuesday.

The EBRD turned down in January a request from Gazprom for a $400-million (294-million euro) loan.
--AFP

   
 

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