It’s not often you hear the Russians talk about being worried and although he looks much more smiley than concerned here - a furrowed brow sentiment is just what the country’s Prime Minister revealed today at the World Economic Forum in Davos. It’s the annual 5- long day long gathering in Switzerland of 2,500 of the world’s leading heads of state, central bank governors, scientists, artists (yes I said artists!), top notch CEO’s, Hollywood ‘A’ listers with a campaign to tout and billionaires. No wonder security is tight.
So back to Dmitri Medvedev the Russian Prime Minister, who said at the conference today that the ongoing financial crises worries him: "In view of continuing dependence of our economy on commodity exports the threat of deterioration of global commodity markets remains the key one. That's why we remain concerned by the stagnation and banking crisis in Europe, debt problems in the United States and structural risks in China
He went on to denies Russia’s excessive dependence on oil and gas, calling reports ‘exaggerated’ . He also called on Europe to lift visa regime to help improve the climate for investment. Too early for a reaction from EU leaders just yet.
So what else is going to be debated over the coming days within these hallowed walls around this year’s theme of Resilient Dynamism? Representing what the world needs today? South African president Jacob Zuma and Indian billionaire Sunil Bharti Mittal talking about "de-risking Africa” sounds interesting. As does Henry Kissinger giving a "strategic assessment of the state of the world.