Tag Archives: ‘ Open Dialogue Needed – Davos Forum

‘Sanctions Always Hurt Wrong Person,’ Open Dialogue Needed – Davos Forum – 24 January 2015

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Sanctions are an ineffective instrument that hurt economies and ordinary people. What the West and Russia really need is to maintain cooperation and be open for a new way of dialogue, experts told RT at the forum in Davos.

“I think sanctions always hurt the wrong person and, in principle, I’m against sanctions, not only against Russia but against other countries,” said Frank-Jürgen Richter, Chairman of Zurich-based Horasis. “What we really need now is a new way of dialogue where Russia can sit together with Europe and the US, and I hope in 2015 we will see a bit of a positive change.”

Richter noted a negative trend that Russian and Western companies have become more reluctant to deal with each other. However, he said that large Western enterprises are still keen on investing in Russia and such an attitude is essential for further economic development.

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