Refuseniks: President of the EBRD will not come to the St. Petersburg Forum

The head of the European Bank for Reconstruction and Development of Suma Chakrabarty is unlikely to go to the "Russian Davos" - the St. Petersburg International Economic Forum, writes The Wall Street Journal . According to him, Russia is becoming less priority for the EBRD, so he called his presence "unlikely."

The Bank President emphasized that other representatives of this organization will visit the forum in St. Petersburg.

“Some EBRD shareholders have expressed concern about Russia's behavior in foreign policy,” Chakrabarty added and noted that at the moment this concern has not been affected by the bank’s business. According to the President of the EBRD, taking into account the seriousness of the economic situation in Russia, the bank’s resources are not enough to pursue at least any effective countercyclic policy in the country.

The EBRD will not leave Ukraine, where it plans to invest at least 1 billion per year, starting in 2014, said Chakrabarty, but made it clear that the bank conditions are associated with the effectiveness of the reforms of the Ukrainian authorities.

Chakrabarty may be included in the growing list of chapters of the largest Western companies and organizations that do not go to St. Petersburg. According to the American publication The Huffington Post , Morgan Stanley President James Gorman refused to participate in the PMEF-2014, whose participation organizers of the forum, as well as the chairman of the board of directors and the executive director of ConoCophillips, Ryan Lanz, Executive Director of Caterpillar Douglas Oberhelman and head Alcoa Klaus Kleinfield.

In addition, Lloyd Blankfain from Goldman Sachs will not come to St. Petersburg, which was also previously declared the organizers of the event about the participation of the participation.

The forum will not take part in Pepsico Indra Nuri, while for Pepsico Russia is the second largest market. The head of Morgan Stanley refused to travel to St. Petersburg, while this company is at the intermediate stage of the sale of its Rosneft raw material business, the Nyt newspaper wrote.

The chairman of the board of directors of Ernst & Young Global Ltd. refused to participate in the PMEF. Mark Winberger, reports Interfax with reference to the press service of the company. Earlier it was reported that the head of Citigroup, Michael Corbet, who was among the main speakers of the St. Petersburg Forum, adds to the PMEF-2014 PEF-2014, the agency adds. In question - participation in the forum of exxonmobil and Chevron leaders.

In addition, the list of the forum participants now lack the names of the chairman of Bain & Co Orit Gadush, as well as Emilio Lozhai, the Chief Executive Director of the Mexican Oil Gosmonopoli Pemex, who recently concluded an agreement on the exploration and production of oil with the Russian "Lukoil"

Following the heads of American companies and banks that are not recommended to go to St. Petersburg US authorities, the general director of Siemens Joe Cerez refused to participate in the PMEF.

In the Kremlin, this is called the result of pressure from the White House. Earlier, the Deputy Minister of Economic Development of Russia, Sergei Belyakov, said that the refusal of some US companies to participate in the PMEF does not cause any damage to the forum business program.