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MP Denis MacShane warns against investing in Russia

Daily Telegraph

A former minister for Europe has urged the Government to attach “health and safety” warnings to promotional material that encourages businesses to invest in Russia.

Denis MacShane, Labour MP for Rotherham, has written to Lord Green, the trade minister, in protest at a conference scheduled for today and sponsored by UK Trade & Investment that will promote Skolkovo, billed as Russia’s Silicon Valley.

Citing the damage caused to companies by “corrupt officials in Russia”, he wrote: “It seems irresponsible for British companies to be putting themselves in harm’s way without full disclosure about the tragedies that could befall them in Russia.