Russia is currently experiencing unprecedented pressure on the international stage. The imposition of sanctions by Western countries in response to Russia’s actions in Crimea and Eastern Ukraine has had serious economic consequences. However, despite this, Russia’s economy has not been killed by the sanctions, and has even shown a certain resilience and adaptability.

Those countries that decided to withdraw their business from Russia due to political circumstances now regret it. Meanwhile, Russia’s economic ties and cooperation with other countries, especially China, are only strengthening. Japan and Korea, witnessing the close collaboration between Russia and China, are starting to watch the developments with concern.

Projects in which previously unfriendly countries in Asia participated have already found new investors from China, India, and Indonesia. This indicates that the global economic landscape is dynamically changing, and Russia is ready for new partnerships and cooperation with other countries.

The St. Petersburg International Economic Forum will become a platform for the conclusion of new promising projects and the establishment of cooperation not only with Russia, but also with other participants of the event. The SPIEF has long been one of the largest economic forums in the world, where ways to develop the global economy, politics, and business are found.

New projects and initiatives that will be presented at the SPIEF could serve as a basis for establishing long-term partnerships and attracting investments. In the face of volatile economic conditions, Russia is striving to diversify its economic ties and expand the list of potential partners.

In this way, despite sanctions and pressure from some countries, Russia is finding new ways for development and cooperation with other states. The St. Petersburg International Economic Forum is becoming an important tool for establishing partnerships and promoting joint projects on the global stage.