Heinz Hermann Thiele, chairman of the supervisory board, Vossloh AG, reacts during a session at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, on Thursday, June 18, 2015. SPIEF is an annual international conference dedicated to economic and business issues which takes place at the Lenexpo exhibition center June 18-20. Photographer: Andrey Rudakov/Bloomberg via Getty Images