Business

Russian CEOs glimpse relief from uncertainty

By Laura Mills
Published May 23, 2014 5:47pm ET
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Russian CEOs glimpse relief from uncertainty
Russian President Vladimir Putin speaks during a plenary session of the St. Petersburg International Investment Forum Friday, May 23, 2014. Putin said Friday at an investment forum that Russia will "respect the choice of the Ukrainian people." He said that Russia wants peace and order to be restored in Ukraine. (AP Photo/RIA Novosti Kremlin, Mikhail Klimentyev, Presidential Press Service) | Mikhail Klimentyev

ST. PETERSBURG, Russia (AP) — With the Russian economy and stock market in the doldrums, CEOs gathered at a business forum here on Friday were eager for some sign of a let-up in their country’s high-stakes standoff with the West over Ukraine.

President Vladimir Putin delivered, promising to respect the result of Sunday’s presidential elections in Ukraine, a move which decreases the risk of more sanctions against Russia.

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