05:56 GMT23 February 2020
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    This year, the St. Petersburg International Economic Forum (SPIEF) is expected to bring together at least 14,000 guests, including heads of state and governments, corporate leaders, famous researchers, and many others. The event is also hosting a considerable vast Chinese delegation, led by President Xi Jinping.

    Russian President Vladimir Putin has delivered an address at the plenary session of the 2019 St. Petersburg International Economic Forum (SPIEF).

    SPIEF is an annual Russian business forum held in St. Petersburg since 1997. The event is taking place on 6–8 June at the ExpoForum Convention and Exhibition Centre.

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    • 23:29

      Baring Vostok Firm Not Discussed at Putin's Meeting With Business Community - Russian Economic Development Minister

      Russian Economic Development Minister Maxim Oreshkin said on the results of the meeting that the businesspeople discussed not only the ongoing work but also the projects that are needed for future work and development of their businesses in Russia.

      "No political issues were on the agenda. It was a business discussion so business topics were addressed", Oreshkin told reporters when asked if the case of Baring Vostok founder Michael Calvey, who was under home arrest in Russia on embezzlement charges, was discussed during the meeting.

    • 23:16

      Foreign Investors Optimistic About Doing Business in Russia – Deputy Prime Minister

      Foreign investors spoke about their optimism with regard to their work in Russia during their meeting with Russian President Vladimir Putin, Deputy Prime Minister Maxim Akimov has said on the results of the event, adding that the meeting was very good and constructive.

      "There were a lot of digital [economy] and innovation issues on the agenda; and very constructive and promising suggestions by the companies on the development of not only their businesses but the improvement of the regulatory environment and the environment supporting innovation and investment. There were very kind, good and constructive discussions … They said they were very optimistic about their presence in Russia", Akimov told reporters on Friday.

      The deputy prime minister added that the businesspeople presented their plans for future work. The official noted there were a lot of representatives of European companies and US investors among the meeting participants.

      Akimov continued by saying that the discussions were focused on national projects in education, healthcare,  and other areas. The participants discussed the educational agenda, human resources training and other incentives for the implementation and development of such projects.

      "It was a very high-level discussion. There were no questions concerning tax regulations, debt, liabilities or customs issues", Akimov concluded.

    • 22:41

      Huawei Reveals Cooperation Plans With Russia - RDIF

      The logo of Huawei is pictured at a mobile phone shop in Singapore, May 21, 2019

      Huawei Reveals Cooperation Plans With Russia at SPIEF - RDIF

      ST. PETERSBURG (Sputnik) - Huawei shared plans on cooperation with Russia during the meeting of Russian President Vladimir Putin with entrepreneurs at the St. Petersburg International Economic Forum (SPIEF), Russian Direct Investment Fund CEO Kirill Dmitriev said Friday.
      Read more
    • 21:27

      Russian Deputy FM, South Sudan Vice President Discuss Conflict Settlement

      A crowd of displaced people look on as members of the U.N. multi-national police contingent provide security during a visit of UNCHR High Commissioner Filippo Grandi to South Sudan's largest camp for the internally-displaced, in Bentiu, South Sudan Sunday, June 18, 2017

      Russian Deputy FM, South Sudan Vice President Discuss Conflict Settlement - Moscow

      MOSCOW (Sputnik) - Russian Deputy Foreign Minister Mikhail Bogdanov and South Sudanese Vice President Taban Deng Gai discussed the ongoing conflict settlement process in the African country, the Russian Foreign Ministry said in a statement on Friday.
      Read more
    • 21:09

      UN Secretary-General's Presence at SPIEF Gives Forum Special Status - Putin

      The participation of UN Secretary-General Antonio Guterres in the St. Petersburg International Economic Forum gives the business event a special status, Russian President Vladimir Putin said on Friday.

      "I hope you find [the forum] constructive and useful. And your presence also gives it a special status", Putin said at a meeting with Guterres. Putin also stressed that Russia was satisfied with its constructive relations with the United Nations and its institutions, and strongly supported the strengthening of the UN's central role in international affairs.

      Guterres, on his part, thanked the Russian president for inviting him to the SPIEF.

    • 20:41

      Anti-Russian Sanctions Not Discussed as Entrepreneurs Met Putin - Russian Deputy Prime Minister

      The issue of Russia sanctions was not discussed at Russian President Vladimir Putin's meeting with the international business community, Russian Deputy Prime Minister Maxim Akimov told reporters on Friday on the margins of the St. Petersburg International Economic Forum.

    • 20:38

      Russia's National Projects Stimulate International Entrepreneurial Cooperation - Putin

      Russia's national projects on economic and social development are a rich source of opportunities for cooperation between Russian and foreign businesses, Russian President Vladimir Putin said during a meeting with foreign managers on the sidelines of the SPIEF on Friday.

      "Work on national projects is an extensive ground for cooperation and partnership and for joint initiatives of Russian and foreign entrepreneurs. And I very much count on that in this regard not do you only understand us, but tune into joint work", Putin said.

      He pointed out that many of the forum’s attendees have moved their businesses to Russia and have successfully worked there for a long time.

      In 2018, Putin issued the decree on the development of national projects in 12 areas to improve Russia's social and economic indicators and the overall standard of life.

    • 20:34

      Putin's Meeting With Business Community Dedicated to Foreign Investments, National Projects - Presidential Aide

      A meeting of Russian President Vladimir Putin with representatives of foreign businesses was dedicated to the participation of foreign investors in Russia's national projects, Russian presidential aide Andrei Belousov told reporters on Friday.

      "I can only say that the entire meeting was dedicated to the participation of foreign business in national projects", Belousov said on the sidelines of the forum.

    • 20:32

      Russian President, Saxony Minister President Hold Meeting at SPEIF - Kremlin

      Russian President Vladimir Putin held a meeting with Minister President of the Free State of Saxony Michael Kretschmer on the sidelines of the SPIEF, the Kremlin press office informed on its website on Friday.

      "Vladimir Putin met with Minister President of the Free State of Saxony Michael Kretschmer on the sidelines of the St Petersburg International Economic Forum", the Kremlin said.

    • 18:48

      Contract on Deliveries of S-400 Air Defense Systems to Saudi Arabia Not Signed - Rostec

      "The contract has not been signed", Sergei Chemezov, CEO of Russia's state corporation Rostec, said on the side-lines of the St. Petersburg International Economic Forum (SPIEF).

    • 18:30

      Growth of Shale Oil Production in US No Threat to Russia - Novak

      "We do not see any special risks, because we are one of the largest oil producers in the world", Novak said in an interview with NTV, on the side-lines of the St. Petersburg International Economic Forum (SPIEF).

      "Our share of the market is about 11 percent, and in our strategy we foresee keeping the production volumes at the achieved level for the next 20 years", the minister emphasised.

    • 18:29

      Moscow, Havana Sign Deal to Upgrade Cuba's Railroad Network Worth $1Bln - Borisov

      “This is a modernisation of Cuba’s railroad network, which should improve the flow of goods in Cuba threefold... Today, this intergovernmental agreement was signed, the cost of this project is a little less than $1 billion”, Borisov said on the Rossiya 24 TV channel, when asked whether any contracts had been signed at the St. Petersburg International Economic Forum (SPIEF).

    • 18:29

      Russia May Reach LNG Production of 120Mln Tonnes Per Year by 2030-2035 - Energy Minister

      "In the period up to 2030-2035, we could reach more ambitious figures, such as LNG production at 100-120 million tonnes overall, there is a resource base for this and, most importantly, the infrastructure on Yamal has been built", the minister said in an interview with the NTV television channel on the side-lines of the St. Petersburg International Economic Forum (SPIEF).

    • 17:53

      President Putin REVEALS How He Finished His Meeting With Xi After Midnight

      Russian President Vladimir Putin and Chinese leader Xi Jinping

      President Putin REVEALS How He Finished His Meeting With Xi After Midnight

      President Xi Jinping arrived in Moscow on Wednesday, beginning a state visit to Russia in order to meet his Russian counterpart Vladimir Putin and take part in the ongoing St. Petersburg International Economic Forum 2019.
      Read more
    • 17:35

      Putin Sends Best Wishes to Sputnik Editor-in-Chief Simonyan After Urgent Hospitalisation

      Putin Sends Best Wishes to Sputnik Editor-in-Chief Simonyan After Urgent Hospitalisation

      ST. PETERSBURG (Sputnik) - Russian President Vladimir Putin has sent his best wishes to Sputnik editor-in-chief Margarita Simonyan, who had to skip the St. Petersburg International Economic Forum (SPIEF) after being urgently admitted to a hospital.
      Read more
    • 17:27

      Russia, China Pay Great Attention to Situation Around N Korea - Putin

      "The issue of the North Korean nuclear programme is very serious and important not only for the region, but for the entire world. I absolutely agree, and we are paying much attention to it with our Chinese friends. Of course, I want to confirm what President Xi Jinping said now, the key role should be given to the countries between which there is a major dispute - the United States and North Korea", Putin said.

      "But at the same time, it is necessary to admit that [North] Korea, for its part, is fulfilling certain obligations: it has stopped tests and eliminated one of the test sites there. We hear that the American partners are saying that 'no, this is not enough'. Maybe not enough, but that's what they agreed on", he said.

    • 17:22

      China's Xi Jinping Almost Falls off Stage at SPIEF

      WATCH China's Xi Jinping Almost Fall off Stage at SPIEF

      Chinese President Xi Jinping has participated at the Russian-Chinese Energy Business Forum, held at the St. Petersburg Economic Forum (SPIEF), speaking about cooperation between Moscow and Beijing.
      Read more
    • 15:46

      North Korea Doesn’t Want to Have the Same Fate as Libya and Iraq - Putin

    • 15:35

      US is Not Interested in Disconnecting With China - President Xi Jinping

      In this Nov. 9, 2017, file photo, U.S. President Donald Trump, right, chats with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing

      Xi Jinping Calls Trump His Friend, Says US Leader Does Not Want to Sever Ties With China

      ST. PETERSBURG (Sputnik) - Chinese President Xi Jinping called US President Donald Trump his friend and expressed confidence that the US leader did not want to completely sever ties with China.
      Read more
    • 15:25

      Russian Pipeline Gas Will Always Be Cheaper than LNG From the Other Side of the Ocean - Putin

    • 15:17

      Russia Open to Work With Anyone, Including US - Putin

      "We are open to working with everyone, including the US. There, however, we have a tiny turnover. It used to be 30 billion, under Obama it fell to 20; now, with Donald Trump, it has grown by five billion, despite the fact that I think he has imposed various restrictions 30 times", Putin said when asked whether trade relations with China could replace Russia's economic relations with Europe.

    • 14:50

      Russia-China Cooperation Essential for Global Security - Putin

    • 14:38

      Moscow and Beijing Do Not Form Military Alliances Against Anyone - Putin

      "We are not in a military alliance with China. We are strategic allies, we are not working against anyone; we are working for the benefit of ourselves and our partners. We are not going to replace or substitute anything", Putin said, responding to a question of whether trade relations between Russia and China could replace Russia's economic ties with the West.

    • 14:36

      Putin: Russia's Strategic Partnership With China is Not an Obstacle for Work With Everyone

      “We do not oppose anything or anyone, we are ready to work with everyone”, he said.

    • 14:31

      Russia's Trade With Various Countries is Growing Despite Attempts to Prevent it - Putin

    • 14:22

      All Countries Will Face Problems if Trade Wars Continue - Putin

      "[The world is currently facing] a policy of unlimited economic egoism. But this is the path toward endless conflicts, including trade wars and other wars, but this is also a fight without rules in which all turn on each other”, he said.

      According to the Russian president, the United States is "extending its jurisdiction to the whole world" and is turning "the universalist model of globalisation" into a parody.

      "Such a model not only contradicts the logic of normal communication between the nations in a complex multi-polar world but also fails to meet the challenges of the future", Putin added.

    • 13:38

      China Ready to Share 5G Technology With Partners - Xi Jinping

      "China will consistently expand openness, in particular, access to the market, create a favourable environment for competition. We will be a strong supporter of economic globalisation... China is ready to share technological inventions and know-how, in particular, 5G technology, with all partners", the Chinese president stated.

    • 13:07

      Sustainable Model of Global Development Can Only Be Ensured by New Int'l Agreements - Putin

      "It is obvious that in order to design a more sustainable and equitable model of development, new agreements will be required. They [should] not only be, as they say, clearly spelled out but, above all, respected by all", the president noted.

       Workers sit at the Huawei stand at the Mobile Expo in Bangkok, Thailand, May 31, 2019

      Putin: Attempts to Push Huawei Out of World Market is 'Start of Technologic War'

      In the most recent development of the US-Huawei row, Facebook has reportedly stopped pre-installing its apps, including WhatsApp and Instagram, on Huawei devices, even on existing models.
      Read more
    • 13:03

      Nord Stream 2 Opponents Used to Exclusive Treatment, Permissiveness

      "This [Nord Stream 2 project] does not fit the logic and does not correspond to the interests of those who are used to exclusivity and permissiveness within the existing universal model, those who are used to the fact that others have to pay their bills. This is the reason that the project is endlessly facing obstacles", Putin stressed.

      "The project aims to improve Europe's energy security and to create new jobs. It fully meets the national interests of all participants — both European and Russian. If it were otherwise, we would not see our European partners [joining the project]. Who would join it against their will? [The partners] have taken part in the project because they are interested in its implementation", he added.

    • 13:00

      US-Promoted Model Leads to Conflicts and War - Putin

      The US-promoted model of dominance leads to endless conflicts, trade wars, and other rows; this is a free-for-all fight without any rules, he added.

    • 12:47

      Role of US Dollar Should Be Reconsidered as It Has Become Tool of Pressure - Putin

      The Russian president stressed that global trust in the American currency has been decreasing, adding that the role of international economic institutions should be strengthened in order to boost economic growth.

      Participants listen to Russian President Vladimir Putin, who delivers a speech during a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 7, 2019
      © REUTERS / MAXIM SHEMETOV
    • 12:43

      United States Trying to Extend its Jurisdiction Across the Globe

    • 12:39

      Putin: Attempts to Push Huawei Out of World Market is 'Start of Technological War'

       Workers sit at the Huawei stand at the Mobile Expo in Bangkok, Thailand, May 31, 2019

      Putin: Attempts to Push Huawei Out of World Market is 'Start of Technologic War'

      In the most recent development of the US-Huawei row, Facebook has reportedly stopped pre-installing its apps, including WhatsApp and Instagram, on Huawei devices, even on existing models.
      Read more
    • 12:29

      Existing Model of Global Economic Relations is Now in Crisis - Putin

    • 12:19

      Putin Addresses Participants of 2019 St. Petersburg Economic Forum (VIDEO)

      Russian President Vladimir Putin

      Putin Addresses Participants of 2019 St. Petersburg Economic Forum (VIDEO)

      Russian President Vladimir Putin is giving a speech at a plenary session during the second day of the Saint Petersburg International Economic Forum (SPIEF), along with Chinese President Xi Jinping, President of Bulgaria Rumen Radev, and other politicians.
      Read more
    • 11:32

      Russia Interested in Expanding Chinese Firms’ Presence in Its Market - Putin

      According to the Russian president, Moscow will continue to ensure special conditions for Chinese businesses working in areas along the border.

    • 10:53

      Iraq Not Condoning 'Very Hurting' US Sanctions Against Iran's Energy Sector - Oil Minister

      "The US policy towards Iran is well-known. We don’t really condone it, sanctions for political reasons ... Sanctions hurt people more than governments ... people of any country whether in Iran or others, when they are subjected to economic sanctions, especially on the source that generates revenues substantially and significantly — this is very hurting. I don’t think any human being would like to see other people suffer because of political differences", Iraqi Oil Minister Thamir Ghadhban told Sputnik.

      Ghadhban pointed out that Iraq had been under UN sanctions for over a decade "and it was terrible".

    • 10:20

      Russia, Saudi Arabia Discuss Investment Plans Worth Dozens of Billions of Dollars - Novak

      Dollars

      Russia, Saudi Arabia Discuss Investment Plans Worth Tens of Billions of Dollars - Novak

      ST. PETERSBURG (Sputnik) - Russia and Saudi Arabia are discussing various investment projects, including in LNG and petrochemical production, worth tens of billions of dollars, Russian Energy Minister Alexander Novak said Friday.
      Read more

    • 10:06

      Saudi Oil Production Stood at 9.65Mln Barrels Daily in May - Energy Minister

      Saudi Energy Minister Khalid Falih said Friday that the country's oil production was 9.65 million barrels daily in May, which is lower than the level of 10.3 million barrels daily envisioned by the OPEC-non-OPEC deal.

      The minister also said at the St. Petersburg International Economic Forum that Saudi Arabia could easily bring production to 12 million barrels daily, but would not do so as the move would tip the balance of the global energy market.

    • 09:08

      Baghdad Proposed Lukoil CEO Participation in Oil, Gas Exploration in Iraq - Oil Minister

      "I have met many of the companies here, with the chairman of Lukoil. We discussed oil and gas ... We are offering exploration opportunities in the western desert of Iraq, one-third of which is still unexplored and has very high potential in all blocks: oil, gas and condensate. We also have an interest in capturing flared gas and already have signed a number of contracts. We need further cooperation with other interested parties to utilize the gas. We are also embarking on the petrochemical industry. Furthermore, we are expanding our refining capacity", Iraqi Oil Minister Thamir Ghadhban after a meeting with the CEO of Russian oil giant Lukoil, Vagit Alekperov.

    • 08:29

      Nike, Adidas, Uniqlo Want to Produce Goods in Russia - Deputy Trade Minister

      In this Feb. 7, 2019, photo, Los Angeles Lakers forward Kyle Kuzma walks on the court during an NBA basketball game against the Boston Celtics in Boston. He is wearing Nike's latest performance basketball shoes, which from concept to reality, took about three years to put together. Or 30 years, depending on how you count. The Nike Adapt BB _ a self-lacing smart shoe that can be controlled by a smartphone _ gets released to the public on Sunday, Feb. 17, 2019, a date that just happens to coincide with the NBA All-Star Game in Charlotte. It has a motor embedded within the shoe, and a hefty $350 price tag.

      Nike, Adidas, Uniqlo Want to Produce Goods in Russia - Deputy Trade Minister

      ST. PETERSBURG (Sputnik) - International companies like Nike, Adidas and Uniqlo want to produce their goods in Russia, Deputy Minister of Industry and Trade Viktor Yevtukhov told Sputnik on Friday on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
      Read more
    • 08:10

      Danish Stand on Nord Stream 2 Contradicts European Laws - Schroeder

      Nord Stream 2 pipes

      Danish Stand on Nord Stream 2 Contradicts European Laws - Schroeder

      ST. PETERSBURG (Sputnik) - Denmark puts at risk timely completion of the Nord Stream 2 pipeline for delivering Russian gas to Europe, and Danish policy contradicts European laws, Gerhard Schroeder, the former German chancellor and the head of Nord Stream 2 operator's board of directors, said on Friday.
      Read more
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