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St. Petersburg Watchmaker Counters Sanctions by Refusing to Sell Abroad

Published: August 5, 2014 (Issue # 1822)



  • The Petrodvorets Watch Factory, famous for its nostalgic Soviet-style brands, said that it had decided to "answer to the decadent Western countries."
    Photo: Raketa.com

Russia's oldest and largest mechanical watchmaker says it will stop selling its most prestigious self-winding watches abroad as long as the "decadent" West continues to impose "unfair" sanctions over Russia's involvement in Ukraine.

Jacques von Polier, the French CEO of the Petrodvorets Watch Factory in St. Petersburg, said the company will refrain from selling to foreign retailers its upmarket Avtomat (Automatic) watches, which use the wearer's wrist movement to wind automatically.

"The sanctions are totally unfair. The world wants to make Russia the only guilty country in the Ukraine conflict, but the situation is not simply black-and-white. The sanctions are pouring oil on the fire," he told The St. Petersburg Times on Monday.

The company, famous for its nostalgic Soviet-style Raketa (Rocket) and Pobeda (Victory) brands, said in a recent press release that it had decided to "answer to the decadent Western countries" because "workers of the factory are shocked by these rude and unfair sanctions."

Von Polier, who has been trying to restore the aging factory's Soviet prestige since joining in 2009, said the refusal to sell the Avtomat watches, which can retail for more than $1,000, would have little effect on his business. Indeed, for the Russia-focused company, the move is a nifty piece of PR.

"There is so much demand in Russia that we don't need Western markets," he said, adding that the measure is at least partially a marketing gimmick to jump on a groundswell of patriotism in Russia as the country's standoff with the West continues.

Since Russia's annexation of the former Ukrainian peninsula of Crimea in March, the United States and European Union have imposed a number of sanctions on Russian companies and citizens in an effort to dissuade the country from further involvement in Ukraine.

Petrodvorets seized the marketing opportunity early. Around the time of the annexation, it released a special-edition "Crimea Victory 2014" watch, which had originally been intended to commemorate 70 years since the peninsula's liberation from the Nazis in World War II.

Von Polier, whose great-grandmother was born in Crimea, said by phone that "for me, Crimea has always been Russian."

Petrodvorets also said it was recommending a law to Russia's parliament to forbid state officials from buying Western-brand watches as presents for employees and associates.

Petrodvorets is Russia's only producer of a complete mechanical watch movement, and Von Polier said it would continue to sell parts specifically, springs and escapements to watchmakers in Switzerland to fulfill demand after Swatch Group announced it would stop selling movements to competing brands.

"We are proud that we are one of only four or five manufacturers in the world that can produce such movements," he said.





 


ALL ABOUT TOWN

Wednesday, Oct. 1


The St. Petersburg International Innovation Forum 2014 kicks off today at Lenexpo, where it will be presenting the latest and greatest ideas until Oct. 3. Focusing on economic development and the decisions and measures necessary to encourage development in Russias most important industries, the event is a possibility to discuss the innovations currently available in a variety of fields.


Representatives of the Russian and international media industries arrive in St. Petersburg for the first ever International Media Forum being hosted by the city until Oct. 10. With a variety of events on tap, including workshops, lectures and film screenings, the event plans to reemphasize the citys reputation as the countrys culture capital and as an emerging market and location for the visual arts.



Thursday, Oct. 2


The celebration of the bicentennial of the birth of Mikhail Lermontov continues with todays free exhibition in the citys Lermontov Library at 19 Liteiny Prospekt. Titled Under the Rustling Wings, the temporary exhibition will feature the costumes and scenery used in the 1917 production of Lermontovs play The Masquerade, which he wrote in 1835 when he was only 21 years old.



Friday, Oct. 3


Learn more about how to manage and evaluate employee performance during SPIBAs Human Resources Committee meeting this morning on Employee Assessment: Global and Local Trends. Starting at 9:30 a.m., the discussion will touch on such topics as the partnership between HR and business, reliable assessment strategies and more, with Tatiana Andrianova, the head of the SHL Russia and CIS branch in St. Petersburg, as the featured guest. Confirm your participation by Oct. 2 by emailing office@spiba.ru or calling 325 9091.


AmChams Procurement Committee Meeting is at 9 a.m. this morning in their office in the New St. Isaac Office Center on Ulitsa Yakubovicha.



Saturday, Oct. 4


Wine and cheese lovers will get their chance to revel during Scandinavia Country Club and Spas Wine Market Weekend. Going on today and tomorrow, wining diners can listen to live music, take part in culinary classes and, of course, sample a variety of fine wines from around the world. The cost of admission is 400 rubles ($10.30) for adults and 200 rubles ($5.15) for children.



Sunday, Oct. 5


Look for the latest fall fashions at the Autumn Market today in Freedom Anticafe at 7 Kazanskaya Ulitsa. The minimarket plans to offer clothes more flattering than the puffy jackets that are a staple of the citys cold-weather fashion, while offering the same amount of protection from the biting winds blowing off of the Baltic.



Monday, Oct. 6


SKA St. Petersburg, the citys KHL affiliate, welcomes Slovakian club HC Slovan in a match-up tonight at the Ice Palace near the Prospekt Bolshevikov metro station. The puck drops at 7:30 p.m. and tickets can be purchased on the clubs website or in person at either the arenas box office or the clubs merchandise store on Nevsky Prospekt.



Tuesday, Oct. 7


Learn more about Russias energy industry at the St. Petersburg Energy Forum that begins today and runs through Oct. 10. Attracting industry experts and political and business representatives, the forum plans to welcome more than 350 plus companies and their representatives to discuss the future of Russias largest economic sector.



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