EU and US corporations may need Russia more than it needs them

Corporations

Newscast Media WASHINGTON—US companies are more dependent on Russia than
vice versa, said Mark Weisbrot, co-director of the Center for Economic and Policy
Research.

“US and European corporations need Russia more than Russia needs them. Russia is a
big country with a lot of resources, including, most obviously, energy,” Weisbrot told
RIA Novosti on Tuesday, commenting on the White House’s pressuring of US CEOs not
to attend the SPIEF economic summit in St. Petersburg.

“China is also a major trading partner and potential source of investment. China this
year will pass up the US to become the largest economy in the world, and in a
decade it will be 60 percent larger,” he added. CONTINUE TO FULL STORY>>