Latvian President Valdis Zatlers
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Latvia Sees Risk in Russian Investment
Russian investment presents a risk to the economic and political independence of Latvia, Latvian President Valdis Zatlers has declared in a local television interview. Zatlers said there is a large difference between Western and Russian investment.
“Western investment barely gets here but it brings stability, although maybe less profit. But Russian investment is also a risk for economic independence and, possibly, as a consequence, for political independence,” Zatlers said.
“Russia itself has declared that it has sovereign democracy, that is, democracy that differs from what we understand as democracy here in the West,” Zatlers noted. He also asserted that many enterprises in Russia belong to the government and it is able to influence politics beyond its borders through them.
www.kommersant.com
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