Simon Shuster, writing in Time magazine:
It must have been an awkward meeting for Russian President Dmitri Medvedev. On Dec. 29, he convened a session with his economic aides to talk about attracting talented businessmen to Moscow. No one mentioned that across the river from where they were sitting, a judge was reading out the guilty verdict of one of Russia’s most successful businessmen, oil tycoon Mikhail Khodorkovsky, whose case has scared off a lot of capital from the country. But when the subject turned to Russia’s appeal for investors, Medvedev’s tone became forlorn: “The investment climate in our country is bad. It’s very bad.” And everyone understood why.
Walmart to Russia — Drop Dead!
We congratulate the executives at Walmart Inc. on their wisdom in deciding to reject the Russian market. We encourage the very small number of other Western companies who are considering investment in Russia, or who are already there, to do likewise. Western firms that do business in Russia are supporting the rise of a neo-Soviet state and therefore they are both undermining democracy in Russia, destroying the future of Russia’s children, and helping to create a dire new threat to the security of the West. History will judge them harshly, and conscientious Western citizens should boycott any firm they know to be doing business in Russia in order to send a clear message that such support is intolerable.
That’s to say nothing, of course, of the appalling risks of doing business in the KGB state run by proud KGB spy Vladimir Putin.
Posted in cold war II, corruption, economics, editorial, russia
Tagged ikea, Mikhail Khodorkovsky, russia, Sergei Magnitsky, vladimir putin, walmart, William Browder