On June 18, 2015 the St. Petersburg International Economic Forum (SPIEF) kicked off at the Lenexpo exhibition complex in St.Petersburg, Russia. The theme of SPIEF 2015 is Time to Act: Shared Paths to Stability and Growth. The event will last until June 20.
SPIEF gathers leading decision-makers from emerging economic powers to identify and deliberate key challenges facing Russia, emerging markets and the world at large.
SPIEF has developed into a leading global business network, attracting over 6,000 participants, including government and business leaders, as well as leading global voices from academia, media and civil society.
The 2015 St. Petersburg International Economic Forum (SPIEF) has wrapped in Russia, with over 200 contracts worth $5.4 billion signed at the three-day event attended by a record number of participants.
The agreement was signed by Andrei Kruglov, Gazprom Vice Chief of the Board, and Mikhail Alexeev, UniCredit Bank Austria Chief of the Board, during the St. Petersburg International Economic Forum.
The weakening of the ruble helped Russia deal with the recent decline in global oil prices much better than other countries, BP CEO Robert Dudley said.
During the Economic Forum in Saint Petersburg, Chinese businessman expressed concern over the fact that Washington often expresses negative stance towards China without accurately analyzing the situation in Southeast Asia.
The US will not tighten economic sanctions against Russia despite claims by US officials, head of the American Chamber of Commerce in the Russian Federation Alexis Rodzianko told RIA Novosti.
Finland hopes to restore its trade relations with Russia amid anti-Russian sanctions imposed by the European Union, Esko Aho, Executive Chairman of the Board of East Office of Finnish Industries, said.
Russia's state-owned energy major Rosneft and China National Chemical Corporation (ChemChina) signed a contract for the delivery of 200,000 tonnes of crude oil on a monthly basis to the Chinese company, Rosneft said Saturday in a statement.
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.
Russia has huge potential for a knowledge-based economy, former Prime Minister of Israel Ehud Barak told Sputnik Saturday on the sidelines of St. Petersburg International Economic Forum (SPIEF).
Foreign companies are interested to participate in major Russian projects despite geopolitical tensions, including Western sanction policy against Moscow, the head of Russia's railroad monopoly Russian Railways said Saturday following the participation in St. Petersburg International Economic Forum.
Russian oil giant Rosneft and Venezuela's state-owned PDVSA on Saturday confirmed their determination to create a joint venture on gas and condensate production on Venezuelan shelf under the Mariscal Sucre project, the Russian company said in a press release.
Despite tensions between Russian and Western countries over the Ukrainian crisis, European companies are expressing interest in returning to the Russian market.
Should the United States decide to invite Russia back to the Group of Seven and revive the G8 format, Canada will have to accept this development, the Russian president said.
On the last day of the St.Petersburg International Economic forum (SPIEF), the participants will discuss the situation on global labor markets and ways to attract skilled migration, long-term strategies for developing the film industry and the export possibilities for Russian IT products.
On the last day of the St.Petersburg International Economic forum, the participants will discuss the situation on global labor markets and ways to attract skilled migration, long-term strategies for developing the film industry and the export possibilities for Russian IT products.
Minister of Finance and Public Credit of the Republic of Nicaragua Ivan Acosta Montalvan told Sputnik that the roundtable on Russian - Latin American cooperation held Friday at the St. Petersburg International Economic Forum was beneficial for both sides.
Greek Prime Minister Alexis Tsipras and Serbian Foreign Minister Ivica Dacic held a meeting Friday on the sidelines of the St. Petersburg International Economic Forum with the presence of Serbian Ambassador to Russia Slavenko Terzic, a Sputnik correspondent reported.
Leaders of many German businesses are against EU anti-Russian sanctions, as the EU itself suffers from their consequences, said Heinz Hermann Thiele, Chairman of German company Knorr-Bremse.
The former citadel of the Bolshevik revolution turned into the business capital of modern Russia hosting a three-day forum of global political and business elite.
Caricature-like sanctions imposed on Russia by the West have had a boomerang effect on Europe's economic performance, Republika Srpska President Milorad Dodik told Sputnik on Friday.