The founder of the founder of Baring Vostok Michael Kalvi is one of the main problems for the development of American business in Russia. This was stated in a conversation with “Tape.ru” Head of the American Chamber of Commerce in Russia (AMCHAM) Alexis Rodzianko.
In this way, he commented on US President Joe Bayden that the Russian leader should release Calvi if the American investment was calculated on the influx. “You invest in the company, it grows, everything is good, but then suddenly you get to prison. Naturally, this is an additional risk, because of which any investor, especially private capital, will think for a long time,” he said, and called such a risk difficult for Adoption.
“in Russia there is a business climate problem, especially for small and medium-sized entrepreneurs, for whom high business risks of doing business,” added AMCHAM. According to him, if the question with Michael Kalvi and his colleagues will decide as soon as possible and “more or less” is reasonable, then the investment will be easier to go to Russia.
However, Rodzianko believes that this is not the only problem that prevents American business to develop in the country. Restrictive measures have played their role. “This is an obstacle for those who look at Russia from afar and knows only that Russia is under sanctions. Withdrawal of sanctions or some kind nod to the fact that, yes, you can work in Russia, can help, and very much,” – He stressed.
In fact, sanctions do not interfere with the development of companies already opened in Russia, indicated Rodzianko. “The American delegation on the PMEF (St. Petersburg International Economic Forum is approx.” Tape.ru “) has long been either the largest, or among leaders [by the number of participants]. This suggests that American companies operate in Russia successfully and see development prospects. In the future, “he said.
Since 2019, Michael Calvi and five more top managers Baring Vostok are under arrest on charges of the embezzlement of funds from the shareholders of the East Bank. The court on them continues until now. Kalvi himself argues that the prosecution has become a consequence of a corporate conflict between the Cyprus company Evison, through which Baring Vostok controlled “East”, and the structure of the then Minoritarian owner of the Sherzoda Yusupov “FinVizhn”.