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    St.Petersburg International Economic Forum. Day One

    Italy, Russia Sign Contracts Worth $1.57 Bln at SPIEF Amid Sanctions

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    St.Petersburg International Economic Forum 2016 (38)

    Italy and Russia signed Thursday contracts worth 1.4 billion euros ($1.57 billion) at the St. Petersburg International Economic Forum (SPIEF) amid EU sanctions againt Russia, Italian media reported.

    ROME (Sputnik) — According to the Ansa news agency, the sides signed nine agreements and letters of intend.

    The 2016 St. Petersburg International Economic Forum (SPIEF) is taking place on June 16-18.

    The agenda for SPIEF 2016, which is held at a new venue for the first time in 20 years — at the Expoforum Convention and Exhibition Centre — includes business forums of the Shanghai Cooperation Organization, BRICS, and the Business 20.

    According to the organizing committee, the number of contracts at SPIEF is expected to be not less than in 2015 when the total volume of agreements reached 293 billion rubles ($4.4 billion). Russian presidential aide Yury Ushakov said on Tuesday that the number of SPIEF participants would exceed 10,000 this year, compared to 7,500 in 2015.

    St.Petersburg International Economic Forum 2016 (38)


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    anti-Russian sanctions, business, St. Petersburg International Economic Forum (SPIEF) 2016, Russia, Italy
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