The World Economic Forum and Vladimir Putin

  • Russian president Vladimir Putin will be attending the Davos Forum this week.
  • US and EU are eager to impose new sanctions against Russia.
  • The Russian vaccine Sputnik V will be on the agenda.

On Sunday, the Russian program, The Kremlin and Putin, released the Russian President, Vladimir Putin’s itinerary. The schedule included President Putin attending the Davos Forum. The Coronavirus pandemic made it impossible to conduct the forum in the real life setting.

Gam-COVID-Vac, trade-named Sputnik V, is a COVID-19 vaccine developed by the Gamaleya Research Institute of Epidemiology and Microbiology, and registered on 11 August 2020 by the Russian Ministry of Health.

The World Economic Forum’s International Business Council has proposed a set of universal environmental, social, and governance (ESG) metrics, on which companies can report, regardless of their industry or region.

This Leadership Panel examines how business leaders can implement non-financial disclosures for their companies and how investors and governments can work together to advance stakeholder capitalism in their region. The forum is taking place this week and in the online format. The agenda of the forum is here.

Furthermore, the Russian president has not been in attendance at the Davos Forum since 2011. It is surprising that President Putin is in attendance this year, given the fact that both the EU and US are very eager to impose new sanctions against Russia.

The eagerness is fueled by Ukrainian favoritism and the poisoning of Alexey Navalny in August 2020. At present, it is unknown, if President Putin will speak at the Davos forum. Thus far, the forum agenda does not include President Putin giving a speech.

There is a possibility that the Russian Sputnik V vaccine would be of interest at the forum. The Russian vaccine is expected to be approved in India by March 1st. India plans to use the vaccine on the populous and also export the Russian vaccine to third countries as well.

Africa is also experiencing a shortage of the Coronavirus vaccine. The World Health Organization is concerned at the lack of the available COVID-19 vaccines to ship to the African nations. There is a possibility of discussing the licensing of the Russian vaccine to be manufactured outside of Russia.

The World Health Organization (WHO) is a specialized agency of the United Nations that is concerned with international public health. It was established on 7 April 1948, and is headquartered in Geneva, Switzerland. The WHO is a member of the United Nations Development Group. Its predecessor, the Health Organization, was an agency of the League of Nations.

The Russian representatives are expected to pitch an attractive platform for investing in Russia. The new Russian law provides a simplified process to obtain a residence permit to work in Russia through the investments. It should be noted that Russia has proved that the economy is resistant to sanctions pressure.

Russia does have attractive logistics capabilities, but has a very challenging political system, which entails corruption. Nevertheless, the Northern Sea Route is an attractive trade route. The investments in Russian agriculture could be worth exploring.

Russia will have myriad changes in the political arena this year, including the upcoming State Duma election this fall. It is highly likely there will be a coalition government, which will entail the United Russia and A Just Russia, and Patriots of Russia parties forming the coalition. It is expected, Russia will have a new prime minister by the fall.

Moreover, there is an industrial reform that is starting this year and is expected to be completed by 2023. The reform will be beneficial for the United Russia Party going into the Russian presidential election in 2024.

Christina Kitova

I spent most of my professional life in finance, insurance risk management litigation.

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