Representatives and entrepreneurs from various countries take part in the annual business meeting in St. Petersburg, including the USAEU countries, China and South America. Interestingly, Taliban representatives are also present after Russia decided to end their terrorist organization designation and cooperate with the rulers in Afghanistan.
In a remarkable announcement during the forum, Putin with an "asymmetric response" to Western arms deliveries to Ukraine, which is attacking Russian territory. He is considering the possibility of supplying Russian weapons to the enemies of the United States. Putin also stressed his desire to create a new world order without US dominance.
This year's theme of the economic forum is "Foundations of the multipolar world - the creation of new places for growth." Putin, who is 71 years old, will address issues related to Russia's economic situation and global politics in his speech.
Despite the pressure from sanctions, the Russian economy is comparatively robust, according to experts. An analysis by the Vienna Economic Institute found that most Western companies continue to operate on the Russian market despite the sanctions. Some large companies have left the market, but this has had a negative impact on part of the total turnover of foreign companies in Russia.
The threat of the Russian government seizing or nationalizing assets is a concern for many Western companies. Putin has signed a decree that provides for the seizure of US assets in Russia in response to similar moves by the US. These measures may further increase uncertainty in business circles.
Source: nachrichten.ag
