U.S. Business Group Warns Russia on Impact of Investor Jailing
- U.S. presence at key Russia forum at risk, AmCham says
- Arrest of prominent U.S. investor shocked business community
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The head of a major U.S. business group told Russia’s foreign minister that the jailing of a prominent American fund manager last month has cast a pall on the investment climate.
The case of Michael Calvey, the founder of Baring Vostok Capital Partners, is likely to overshadow U.S. participation at the June St. Petersburg International Economic Forum, the Kremlin’s annual investor showcase, Alexis Rodzianko, the president of the American Chamber of Commerce in Russia or AmCham, told reporters after a meeting with Foreign Minister Sergei Lavrov.