NEW YORK May 6 International Paper Co
Chief Executive John Faraci will not attend the annual St.
Petersburg International Economic Forum later this month in
Russia and will send deputies instead, according to a source
close to the company.
Faraci had been listed as a participant as recently as last
week on the forum's website, although on Tuesday his name had
The White House has encouraged U.S. business leaders not to
attend, citing Russia's involvement in Ukraine.
The company has invested more than $1 billion in a Siberian
paper plant that primarily sells to China and the domestic
(Reporting by Ernest Scheyder; Editing by Steve Orlofsky)