Skip to Content

Kirstin Stanzel, Vienna-based, well known business firm owner.

Crimea: Promising Perspectives

Vienna-based, well known business firm owner Kirstin Stanzel about the problems and chances of the economic perspectives between Europe and Russia.

Published: November 13, 2017, 6:55 pm

    Mrs. Stanzel, the relations between Brussels and Moscow suffered a lot especially since the Ukrainian crisis and the reunification of Crimea with Russia in March 2014. How does the sanctions regime against the Russian Federation affect Austrian business?

    Stanzel: This is a very important topic for us. I am working with investors and entrepreneurs, we all hope for the lifting the sanctions. This regime of economic sanctions is not good for either Austria or Russia. Especially the agricultural sector in Austria is suffering under sanctions. They “lost” a huge market. The Austrian AMA quality label has an excellent reputation and there should be demand in Russia. But because of the sanctions there are no exports. Of course, the sanctions are harming our whole export business.

    The EU leadership doesn’t seem to be interested in improving relations with Russia. At the same time the well-known Russian businessman Andrey Nazarov, head of Business Russia and co-chairman of the Yalta International Economic Forum (YIEF) Organising Committee, was one of the most important organizers of the “Friends of Crimea” meeting in Yalta in the beginning of November with many European participants. Nazarov, together with the prime minister of Crimea Sergey Aksenov, announced the establishment of the club based on the results of the past YIEF. How important are such kind of meetings?

    Stanzel: Such meetings are a very important and courageous signal. The “Friends of Crimea” show that there are people in Europe and Russia who are interested in good cooperation despite all of political turbulence. It is an important initiative Mr. Nazarov started and I personally believe that this is an excellent way as well to overcome the political tensions between our European governments and Russia. We shouldn’t underestimate the value of platforms such as “Friends of Crimea” and YIEF, not just for business relations.

    Andrey Nazarov and Crimean prime minister Sergey Aksionov during the Yalta International Economic Forum 2017.


    Why is that important?

    Stanzel: Our mainstream media and the political leadership are presenting a wrong image of Russia and in particular about Crimea. When Europeans go to Crimea themselves, they can see the reality and speak directly to their counterparts. This makes such platforms unique and indispensable.

    Andrey Nazarov said in an interview that Crimea has the potential if becoming a “Russian Monaco”…

    Stanzel: In my opinion Crimea has a huge economic potential that is interesting for European investors and entrepreneurs. Crimea could be an economic hub, a booming business region. The Crimean bridge and the new terminal of Simferopol airport are important investments for future infrastructure. These things will make Crimea much more accessible. I think Mr. Nazarov is right with his idea about the prospering business and tourism perspectives for Crimea.

    Keep ​your language polite​. Readers from many different countries visit and contribute to Free West Media and we must therefore obey the rules in​,​ for example​, ​Germany. Illegal content will be deleted.

    If you have been approved to post comments without preview from FWM, you are responsible for violation​s​ of​ any​ law. This means that FWM may be forced to cooperate with authorities in a possible crime investigation.

    If your comments are subject to preview ​by FWM, please be patient. We continually review comments but depending on the time of day it can take up to several hours before your comment is reviewed.

    We reserve the right to del​ete​ comments that are offensive, contain slander or foul language, or are irrelevant to the discussion.


    Ukrainian pilot suspected of shooting down MH17 found dead

    The Ukrainian pilot Vladislav Voloshin, whom his colleague Yevgeny Agapov had accused of involvement in the shooting down of flight MH17, has been found dead.

    Islamo-leftists march in London

    LondonThousands of demonstrators gathered in London to protest against the "evil of racism" and "Islamophobia" in a strong show of Islamo-leftism.

    Porton Down not able to identify chemical used on Russian ex-spy

    Well-placed sources inside the British Foreign Office have confirmed that Porton Down scientists were not able to identify the nerve agent as being of Russian manufacture, and are angry about the political pressure from inside the government to lie about the poison being Russian.

    Joint allied statement against Russia after UK ignores OCPW convention

    LondonOn 15 March, the United Kingdom, together with allies Germany, France and the United States, issued a collective statement alleging that ex-spy Sergey Skripal and his daughter Yulia were poisoned by agents of the Russian Federation.

    Britain’s spy hysteria is damaging its credibility and standing

    LondonThe actions of the British government in response to the alleged poisoning of a British double agent Sergei Skripal and his daughter is damaging Britain's credibility and international standing.

    Cost of EU Parliament steeply rising

    The costs of the European parliament have been steeply increasing since 2011. It won’t take long before it hits 2 billion euros a year, a Dutch newspaper reported.

    Telford: largest child sex abuse scandal in history ignored by the BBC

    The Sunday Mirror reported this weekend that a young English girl could be one of up to 1000 victims of grooming or child sexual abuse in the Shropshire town over the last four decades, thought to be one of the worst of its kind in modern Britain.

    UK Foreign Office issued letter in pidgin English to banned speakers

    LondonConservative vlogger Brittany Pettibone was given a letter written in pidgin English denying her leave to enter the UK. Pettibone, an American citizen and her partner the Austrian Identitarian activist Martin Sellner were both held in detention in the UK and denied entry into the country.

    Mainstream Polish author barred from UK visit

    LondonWhile the UK ban on two visiting conservatives from Austria and the US, Martin Sellner and Brittany Pettibone made headlines, the UK ban on award-winning Polish journalist received little attention.

    Dutch politicians call for end to EU’s ‘fact checking’

    The HagueDutch home affairs minister Kasja Ollongren is facing pressure from a majority of Dutch MPs who want on Brussels to disband its "fact checking" unit known as EU vs Disinfo.

    Go to archive