In “Russia’s Flagship Economic Forum Decouples From West” (The Wall Street Journal, 15 June 2022), Chip Poncy discusses the role the 2022 post-invasion sanctions against Russia have played in discouraging many from attending this year’s St Petersburg International Economic Forum. Previously, the conference played host to global business leaders, particularly in the oil and natural-gas business. But current sanctions have made it risky for U.S. or European entities to court business ties with much of the Russian economy. Chip notes: “While there are no sanctions prohibitions on meeting and greeting such persons, provision of any services to them is also prohibited, and that can be interpreted broadly by sanctions regulators.”
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