13:36 GMT +321 September 2017
Live
    The logo of the 2017 St. Petersburg International Economic Forum (SPIEF)

    SPIEF Participants Signed $32Bln Worth of Agreements

    © Sputnik/ Alexei Danichev
    Russia
    Get short URL
    St. Petersburg International Economic Forum 2017 (183)
    342362

    The participants of the three-day St. Petersburg International Economic Forum (SPIEF) signed 475 agreements, worth around $32 billion, according to a statement by the Roscongress foundation.

    MOSCOW (Sputnik) — The participants of the St. Petersburg International Economic Forum (SPIEF) signed 475 agreements, worth around $32 billion, according to a statement by the Roscongress foundation, who organized the event.

    The three-day forum that drew in prominent politicians and businesspeople from different countries concluded on Saturday.

    "This year, 475 investment agreements, memorandums and letters of intent have been signed, with their total worth amounting to 1,817.9 billion rubles [roughly $32 billion] (only the agreements not covered by commercial confidentiality are taken into account)," the statement said.

    According to Roscongress, the largest among all of the deals included an agreement between German chemical company Linde Group and Russia's TAIF on the building of a new ethylene production site in Russia (approximately $10.5 billion) and an agreement between Russia's Rosatom and Nuclear Power Corporation of India Ltd on the building of power units for the Kudankulam Nuclear Power Plant in India (about $4.2 billion).

    In 2015, a total of 205 agreements were signed at the forum, in 2016, there were 356.

    Topic:
    St. Petersburg International Economic Forum 2017 (183)

    Related:

    Blockchain Called 'Breakthrough' Tech Not Yet Ready for 'Retail Level' at SPIEF
    Top 5 Jokes Putin Made During SPIEF-2017 That You May Have Missed
    Klaus Schwab Acknowledged SPIEF Now on Par With Davos Forum - Sberbank CEO
    EAEU, India Sign Petition on Beginning of Free Trade Area Talks at SPIEF 2017
    Tags:
    St. Petersburg International Economic Forum (SPIEF) 2017, St. Petersburg, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment