Russia's economy: Back to the days of the "Cold War" - no more windfall profits for foreigners on the ground

Dear business leaders, global financial markets have recovered somewhat today - in the short term and also in Russia. Dear Western businessmen in Russia: If there is no sweeping change there on the ground (unfortunately unlikely), then business models with a focus on Russia and the local pockets there are under massive pressure going forward. Locally, well entrenched and risk-taking players have benefited from the withdrawal of other foreign actors in recent years, and the stability-oriented Russian economic policy (to build up reserves) has also helped - so-called "windfall profits" had been on the table. But now, in the light of the "hot war" in Ukraine, there is a medium- and long-term threat of a relapse to the economic relations of the "Cold War". Sanctions slapped now and yet to come likely to stay for long. We are living already in the seventh of eighth year of Crimea-related sanctions. Limited and opportunistic economic exchange between Russia and the West yes, deep economic relations difficult! More on this here:?THE VIEW FROM MITTELEUROPA: Back to the Cold War.