World Economic Forum, Davos: Ulmart Chairman says, "What sanctions? Business is still business!"

To view the Multimedia News Release, please click:

http://www.multivu.com/players/English/7432151-wef-business-still-business/

While there was an obvious de-emphasis of Russia as one of the leading emerging markets do to geo-political tensions,  Mr. Kostygin rightly explained that in Russia there are hundreds of companies doing amazing things and so really, politics aside, what is all the fuss?  

Russian business, while obviously feeling some pain from the current situation, has demonstrated over the past 20 years a unique ability to survive crises; and, even to come out stronger he explained.

As discussed in some sessions about private enterprise in Russia, and also mentioned repeatedly by Mr. Kostygin in his interviews and at such sessions, the current situation in Russia very well may weed out business models that were weak and so therefore less competitive; and, as a result create "alloys of stronger, more competitive companies, both domestically and internationally.  In the long-term , these period could actually end up making Russia's private sector stronger thanks to the current "sanctions against certain individuals."

In the following attached clips, Dmitry Kostygin further elaborates on this idea and also explains what Ulmart has hoped to gain from its participation at Davos.

Video: 
     http://www.multivu.com/players/English/7432151-wef-business-still-business/