St. Petersburg International Economic Forum Set To Discuss Economic Issues Facing Russia

The 27th St. Petersburg International Economic Forum (SPIEF), has seen more countries disregard Western pressure and is set to engage more closely with Russian economy. 

The three-day international event which started on June 5th and ending June 8th focus on economic issues facing Russia, emerging markets and the world.

Vladimir Putin, president of Russia addressing participants 

The over 130 delegates from 136 countries converge on St. Petersburg under the theme: "The Formation of New Centers of Growth as the Cornerstone of a Multipolar World."

According to the official website of the SPIEF, over 18,600 participants from 139 countries and territories, including Russia, have been confirmed. The Sultanate of Oman is taking part in SPIEF 2024 with the honorable status of guest country

Participants during SPIEF

In 2023, more than 6,000 representatives of Russian and foreign businesses from over 3,000 companies located in 75 countries and territories took part in the forum held from June 14 to 17. During that time, more than 900 agreements worth a total of 3,860 billion rubles (around $43.2 billion) were signed.

"The unprecedented interest from foreign partners and the media shows that the Russian market and, in general, Russia's economic model of development and consolidation, against the backdrop of serious restrictions and pressure from the collective West, has shown its competitiveness. Multinational and multicultural, value-oriented Russia is becoming one of the growth centers of the emerging multipolar world," said Anton Kobyakov, adviser to the President of the Russian Federation and executive secretary of the SPIEF Organizing Committee.

Delegates from across 136 countries networking 

Held annually since 1997, the SPIEF has become a leading global platform for the business community to discuss key economic issues facing Russia, emerging markets and the world.

Those invited to the forum include leaders of the participating countries, leaders of international organizations, presidents of large Russian and foreign companies, as well as experts in various fields.

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