No Russian exhibitors at MIPIM as organiser condemns Ukraine invasion

Moscow City Government will no longer have a stand at the international property conference in Cannes according to event organiser RX.

RX said in a statement that it “strongly condemns the Russian invasion of Ukraine”.

“RX stands in solidarity with the people of Ukraine, particularly with our employees around the world who have family and friends in Ukraine,” the statement continued.

“We also stand in solidarity with our Russian employees working in challenging conditions. In a rapidly changing environment, RX is following government sanctions and policies in each territory where we operate.

“There is no Russian Pavilion at MIPIM.”

A list of attendees dated 22 February – before the invasion began – showed 42 Russian companies were going to the Cannes event. That number included Russian branches of international firms such as Knight Frank, JLL, Morgan Stanley, PwC, EY, Chapman Taylor, CBRE, and Cushman & Wakefield.

Of the 42 companies attending, 14 were designated exhibitors, including Moscow City Government. RX has confirmed that none of those 14 companies will have stands this year.

VTB Bank, the second-largest bank in Russia, is registered as having five representatives attending MIPIM. VTB had its assets frozen by the UK government on Friday. Its subsidiary, VTB Capital has been suspended from trading on the London Stock Exchange.

Among those slated to go from VTB are vice president Roman Antoschenkov and European managing director Damir Mehic, who is based in Austria.

Also registered as attending the event is Vladimir Resin, a deputy of the State Duma, part of the Federal Assembly of Russia.

RX said that the database of those attending MIPIM was being updated regularly and that it is following government sanctions and policies.

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