A total of 1,084 agreements worth 6.642 trillion rubles (~$88.56 billion) were signed, which concluded late last week, according to Anton Kobyakov, adviser to the Russian president and executive secretary of the forum’s organising committee. These exclude deals covered by commercial confidentiality.
Russia and Saudi Arabia signed 30 agreements and MoUs across multiple sectors at the 29th St. Petersburg International Economic Forum, which concluded late last week.
A total of 1,084 agreements worth $88.56 billion were signed.
These exclude deals covered by commercial confidentiality.
The four-day event saw official US representation for the first time in a decade.
The forum is regarded as one of Russia’s leading platforms for promoting economic development, attracting investment and expanding international partnerships.
The four-day event brought together more than 24,500 participants and representatives from 142 countries. It saw official US representation for the first time in a decade. Its theme was ‘Shared Values: The Foundation of Growth in a Multipolar World’.
The forum also highlighted ‘cautious optimism’ among some Western investors about the possibility of returning to the Russian market in the future, Kobyakov was cited as saying by global media outlets.
In his keynote address, Russian President Vladimir Putin called on major companies to relocate headquarters from Moscow to other regions to stimulate investment and regional economies.
Fibre2Fashion News Desk (DS)
