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Contracts Signed at St. Petersburg Forum Amount to $5.4 Billion

© Sputnik / Iliya Pitalev / Go to the photo bank2015 St. Petersburg International Economic Forum (SPIEF). Day One
2015 St. Petersburg International Economic Forum (SPIEF). Day One - Sputnik International
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The contracts sealed during the St. Petersburg International Economic Forum (SPIEF) amount to 293.4 billion rubles ($5.4 billion), Anton Kobyakov, Executive Secretary of the SPIEF Organizing Committee said at a press briefing Saturday.

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ST.PETERSBURG (Sputnik) — A total of 205 agreements, memorandums and contracts have been signed in the course of the three-day summit in St. Petersburg, said Kobyakov, who is also an adviser to the Russian president.

The number of participants in the forum was unprecedented, about 10,000, Kobyakov said, summarizing the event’s results.

He also highlighted that approximately 200 foreign businesses' CEOs had attended the forum and all of the invited accepted the invitation extended earlier.

The St. Petersburg International Economic Forum has been held annually since 1997 to gather high-ranking politicians, businessman and experts from around the world. This year, the forum runs on June 18-20. So far, the St. Petersburg International Economic Forum was attended by more than 7,000 participants, according to the organizers' estimates.

Russian and Greek Energy Ministers, Alexander Novak and Panagiotis Lafazanis respectively, signed a memorandum on the construction of the extension of the Turkish Stream gas pipeline to deliver fuel to Europe on Friday. Moreover, Russian energy giant Gazprom announced Thursday that it was intending to construct a double pipeline from Russia to Germany through the Baltic Sea with E.ON, Shell and OMV.

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According to Kobyakov, the program of the forum was "unique in its scope and subjects since it encompassed more than 150 events," such as summits, panel discussions, round-tables, briefings and televised debates.

Panel sessions of the BRICS and the Shanghai Cooperation Organization (SCO) business forums, the Valdai International Discussion Club of Russian and foreign experts as well as the Business Twenty (B20) Regional Consultation Forum were among the events held during the SPIEF, he added.

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