May 21 (Bloomberg) -- Kinross Gold Corp., the largest foreign producer of the metal operating in Russia, will send its chief executive officer to this week’s St. Petersburg Economic Forum even after some U.S. and European companies withdrew amid political tension over the situation in Ukraine.
“Continued engagement with our Russian stakeholders is essential and we have, therefore, decided to honor our longstanding commitment to attend the forum,” Toronto-based Kinross said today in an e-mailed statement. Chief Executive Officer Paul Rollinson will attend, according to Andrea Mandel-Campbell, a company spokeswoman.
Citigroup Inc. and Morgan Stanley are among corporations that have scrapped plans to send their CEOs to the event. The U.S. government has urged U.S. executives not to go, a person with knowledge of the matter said May 1. The forum starts tomorrow and Russian President Vladimir Putin is scheduled to attend.
Kinross operates the Kupol and Dvoinoye mines in Russia’s far east. The country accounted for 21 percent of the company’s revenue last year, according to data compiled by Bloomberg.
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