Porsche renews full cooperation with Maria SharapovaSport April 26, 15:05
Russia not planning to curtail security cooperation with Europe — General StaffMilitary & Defense April 26, 13:54
Saudi Arabia hopes for cooperation with Russia in oil sectorBusiness & Economy April 26, 13:30
Russian General Staff: West ignores Moscow’s offers to pool efforts to fight terrorMilitary & Defense April 26, 13:24
Ambassadors of EU member states approve visa waiver for Ukraine — sourceWorld April 26, 13:21
Russian defense chief suggests enlisting private sector to assist in demining SyriaMilitary & Defense April 26, 13:07
NATO building up offensive armaments along border with Russia — General StaffMilitary & Defense April 26, 13:05
Press review: Trump to ease up on Moscow's democracy and Russia goes on gold-buying spreePress Review April 26, 13:00
MiG-31 interceptor jet crashes in RussiaMilitary & Defense April 26, 12:41
ST. PETERSBURG, June 18. /TASS/. Russia’s failure to fulfil its commitments assumed under international treaties will immediately create additional risks for domestic business, former Finance Minister Alexey Kudrin said on Thursday.
"If Russia demonstrates today non-fulfillment of certain commitments assumed under international treaties, in which Russia participates in compliance with the earlier adopted conventions, this will certainly create additional risks for all the businessmen in the country," Kudrin said in an interview with TASS news agency at the St. Petersburg International Economic Forum.
This will not necessarily entail seizure of Russian companies’ foreign assets but this will surely lead to "a review of the terms of contracts [concluded by western and Russian businessmen] while western companies will have to consider a larger risk in cooperation with Russia and some will drop it [cooperation]," Kudrin said.
"Fulfillment of international courts' rulings and solution of any business disputes are stipulated in any business contract with a western investor," the ex-finance minister said.
"Normally, the jurisdiction is selected that everyone trusts," he said.