St. Petersburg Economic Forum starts in strained times

The 18th annual St. Petersburg International Economic Forum, also known as the Russian Davos, has kicked off on Thursday amid economic challenges in the region.

St. Petersburg Economic Forum starts in strained times

World Bulletin / News Desk

The 18th annual St. Petersburg International Economic Forum, kicked off on Thursday amid economic pressure from Westerns countries and U.S. and EU sanctions following the crisis in Crimea and Ukraine.

The forum, known as 'Russian Davos', was first organized in 1997 and has attracted Russian high officials, including President Vladimir Putin with his keynote speech, business leaders, policy makers, and economic experts who have gathered to talk on this year's title, "Sustaining Confidence in a World Undergoing Transformation."

Over 6,500 guests from 62 countries, including 609 heads of major Russian and non-Russian corporations, and 1,500 journalists are participating in the forum.

Other high-profile participants include Turkey´s Denizbank´s CEO Hakan Ates, Chairman of Ronesans Holding Erman Ilicak, TUSKON President Rizanur Meral, BP Chief Executive Robert Dudley, Hyundai Heavy Industries Head Kim Jung-rae, Russian tycoons Oleg Deripaska, Vladimir Lisin and Alisher Usmanov and Russian Railways President Vladimir Yakunin.

Last Mod: 22 Mayıs 2014, 12:06
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Mark Johson
Mark Johson - 5 yıl Before

"Sustaining Confidence in a World Undergoing Transformation" is an interesting title for the economic forum as that has been a hot topic in Russia and around the world over the past few months. Russian companies, like giant Norilsk Nickel is sustaining confidence by diversifying funding sources and looking to the Asian business market to make up for losses from America sanctions. Is this the story across the board?