Lord Mandelson: Russia and the West are obliged to develop new " rules of the game "

Maria Tobacco. Head of international consulting organization Global Counsel, a former British Minister for business Lord Peter Mandelson expects Petersburg economic forum (SPIEF) Frank discussion about the current state of the Russian economy faced over the past year with serious problems.

"I expect a Frank discussion about the current state of the Russian economy in the last 12 months facing severe pressure due to three main factors: consequences of international sanctions, the fall in global oil prices and domestic structural flaws," said Mandelson in an interview Last news .

Head of Global Counsel revealed that invited to speak at the session devoted to the problems of globalization and regionalization of international trade.

Answering the question about the current position of Russia in the world market, Mandelson said that at the present Time, and to Russia, and to the West, the challenge of making new " rules of the game ".

"A number of outstanding decisions taken by Russia towards Ukraine and the West since February 2014, just put its economic potential danger. Still, pretty solid, the position of Russia in the system of international trade and the world economy no longer seem so strong ", - said the head of the British consulting organization.

"Despite increasingly sounding rhetoric about turning to the East, Europe remains the main market for import and export to the Russian Federation in the short to medium term. So both parties in these relationships is necessary to develop a new set of rules of the game, " says Mandelson.

review of the former Minister, the events of the past year dealt a serious blow and investing in the Russian economy.

"Investment climate and investment attractiveness of recent developments in and around Russia has dealt a serious blow. The degree of riskiness of investing in the Russian Federation remains very high, although there are signs of stabilization and the return of the investors. The chance for improvement is always there, and this Hope must be supported by not only the pure desire to attract domestic and international investment, but also create favourable conditions for investors and their predictable political situation and the situation in the sphere of regulation, " Mandelson.

SPIEF) in St. Petersburg will gather June 18-20, heads of countries and governments, political leaders, Directors and senior executives of major organizations, leading specialists authorized by the Russian authorities on its platform under the slogan " Time for action: the General action to stability and growth!".


sections: Politics