Davos Bugged by Russian Spies?
Swiss police have dragged in a handful of sheepish-looking plumbers with foreign accents and odd claims to diplomatic immunity. They say their costumes are a hoax and faulty pipes an alibi, their true goal to tap into conversations at the World Economic Forum. It’s worth noting that Russian President Vladimir Putin is not in Davos to defend himself. He bunked it!
Salisbury poisoning controversies, covert efforts to allegedly interfere in American elections, spy whales, it’s all led to bad blood between Russia and the West. Putin’s not in the mood to talk, but it stands to reason that we could dig up dirt on many super elites in Davos attendance this year. He’d surely find someone to rub shoulders with at a forum designed, after-all, for building common ground and improving international relations.
Russia may be spying on the world, but investors are spying on Russia. Investing only works where there’s an adequate rule of law, and for years Russia’s been viewed as a petrochemical state run by the mafia for the mafia. It’s under sanctions and has few major industries outside of dirty energy and defense. As for Putin, he’s riding the tiger.
He cannot get off lest he be devoured. He’ll remain one of the most powerful men in the world until he dies, for better or for worse, despite pockets of unrest. In the meantime, investors are viewing energy and defense trends very closely. You can never take Russian stock prospects to the bank, but trading so cheap as compared to American companies, some are experimenting.