SPIEF: 900 Deals Signed worth $46 Billion

The organizers of the St. Petersburg International Economic Forum (SPIEF) revealed Saturday the most important results of this major economic event.

Anton Kobyakov, Advisor to the Russian President and Executive Secretary of the Organizing Committee of the Petersburg International Economic Forum, said in a press conference held Saturday, that the outcome of the forum this year amounted to more than 900 deals and contracts, with a value of about 3.860 trillion rubles (about $46 billion).

It is noteworthy that this year 43 agreements were concluded with representatives of foreign companies, including companies from Italy and Spain (unfriendly countries), and he said that the forum held in its 26th edition witnessed the participation of 17 thousand participants from 130 countries and 150 companies from 25 unfriendly countries.

The Russian official pointed out that this year's forum was characterized by the presence of a new growth engine, as the forum has become a center for development. He pointed out that the forum witnessed active participation from the UAE and Algeria, as the presidents of the two countries visited the major economic event.

Regarding the economic situation in Russia, Kobyakov said that inflation in Russia is at a low level, as well as unemployment, while the Russian currency did not fall to 200 rubles as expected by leaders in the West, which indicates the failure of the West's policy to weaken Russia's economy and isolate it politically.

The forum was held from June 14 to 17, 2023, and discussed major economic issues and challenges facing Russia, emerging markets and the world as a whole.

The forum is an effective platform for exchanging views and experiences between policy makers, officials and representatives of the business sector from different countries of the world, as it is held in attendance, taking into account the rules of health prevention using modern digital technologies.