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opinion Jason Corcoran

Putin’s Davos Reduced to Taliban, Nepo Babies and Pariah States

The St Petersburg International Economic Forum used to be a hub of global dealmaking. Now it is a glitzy playground wrapped in state propaganda.

In Photos: Promoting a ‘Multipolar’ World at the St. Petersburg International Economic Forum

Once dubbed the “Russian Davos,” the forum now reflects Moscow’s post-2022 pivot towards Asia and Africa, amid its isolation from the West.

At Flagship Forum, Putin Promotes BRICS Growth and Economic Restructuring

The president said Russia’s GDP growth had outpaced the global average in recent years despite what he called a “complex external environment.”

Sberbank CEO Warns High Rates and Strong Ruble Creating ‘Perfect Storm’ for Russian Economy

German Gref said real interest rates were cutting into business profits and forcing companies to postpone investment decisions.

Foreign Investment in Russia Falls to Lowest Level Since 2001, UN Report Says

Analysts point to a rise in state seizures of private assets, including the recent nationalization of Domodedovo Airport, as a deterrent.

Russian Business Lobby Calls for Training Skilled Workers in India to Combat Labor Shortage

A board member of Russia's leading business lobby made the proposal at the St. Petersburg International Economic Forum.

Russia’s Economy Minister Warns of Looming Recession

Speaking at SPIEF 2025, Economy Minister Maxim Reshetnikov said "current business sentiment and indicators" point to a downturn.

Russian Steel Executive Rings Alarm Bells for Struggling Industry

A strengthening ruble and high interest rates have choked demand and profitability, making imminent production cuts and plant closures a possibility.

Russia Ramps Up Borrowing as Oil Revenues Falter and War Spending Soars

By front-loading its borrowing, the Finance Ministry is building a fiscal buffer in case markets turn against it later this year, analysts said. But the...

Russian Economy at Risk of Overcooling, Sberbank Executive Warns

“We may not be able to come out of this slump,” Sberbank First Deputy CEO Alexander Vedyakhin told Reuters.

Car Sales in Russia May Fall by 25% in 2025, AvtoVAZ CEO Says

“The market is clearly going to decline, and we expect that drop to be about a quarter compared to last year,” CEO Maxim Sokolov told state media.

St. Petersburg Economic Forum 2025 Opens With ‘Multipolar’ Focus

Among the 50 countries sending government officials to the event are China, Vietnam, Iraq, Saudi Arabia and the Central African Republic.

Russians Turn to Pasta and Bread Amid Record Potato Price Increases

Despite official attempts to frame this dietary shift as a choice for “higher-quality foods,” the data paints a picture of economic strain.

Ruble Overtakes Dollar in Russian Export Payments

The sharp rise in ruble-based transactions is being driven not by global trust in the Russian currency, but by the expansion of opaque payment systems...

Dodo Pizza Owner Finalizes Legal Move to Kazakhstan

Founded in 2011 by Russian entrepreneur Fyodor Ovchinnikov, Dodo Brands has expanded into Europe, the Middle East, Africa and Southeast Asia, operating...

Russian Oil Prices Up Nearly 15% After Outbreak of Israel-Iran Fighting

Despite the increase, prices remain below the government’s expectations for balancing its budget this year.

Oil Prices Surge, Russian Stocks Rise as Israel-Iran Tensions Grow

The Russian stock exchange rose slightly at the start of trading Friday, with oil and gold companies seeing the biggest increases in share prices.

Russia's Monthly Inflation Creeps Up for the First Time in 6 Months

Economists had widely forecast a continued slowdown in monthly price growth for May.

Yandex Co-Founder Volozh's Dutch Tech Firm Unveils Second Supercomputer

Nebius called ISEG2 “the most powerful commercially available system in Europe.”

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