Davos freezes out Putin and Russian oligarchs

[Uncle Joe]

(snip)

The World Economic Forum has put on ice its relationships with Russia, including strategic partnerships with conglomerates run by oligarchs. A Kremlin-backed research center in Moscow and an advisory council led by Russian President Vladimir Putin’s economic adviser have also been torpedoed.

“We are not engaging with any sanctioned individual and have frozen all relations with Russian entities,” Amanda Russo, a WEF spokesperson, told POLITICO.

(snip)

This time the legal and moral pressure on WEF has become too great. Post-Soviet Russia and the World Economic Forum rose together: Each desperately wanted to be seen as a great power.

The deal was relatively simple at first: Putin endorsed WEF, the oligarchs funded it and in turn the Forum helped launder their reputations. Call it multi-stakeholderism, call it a transaction, call it the ugly truth of globalization. Like Klaus Schwab and Vladimir Putin, it was the future once. Now their only hope is peace.

(snip)

https://www.politico.com/news/2022/03/08/davos-putin-russian-oligarchs-00015344

[Bev54]

1. Putin is crazy enough to blow the place up.