World Economy

Agreements Worth $35b Inked at Russian Forum

Agreements Worth $35b Inked at Russian Forum Agreements Worth $35b Inked at Russian Forum

Russia says 386 agreements worth two trillion rubles ($35.32 billion) were signed at the recently concluded St. Petersburg International Economic Forum 2017. More than 14,000 participants, including businesses, international organizations and experts from more than 143 countries attended the gathering, presidential adviser Anton Kobyakov said at a press conference on the results of the SPIEF-2017, The BricsPost reported. “In its 21-year history the forum has not seen such a large number of participants with a vast geography,” the adviser said. According to him, 105 agreements were signed in 2015, 356 agreements in 2016 and 386 in 2017. Meanwhile, addressing the forum, President Vladimir Putin referred to Russia’s return to economic growth and pick-up in investment.  Putin also said Russia’s future lay in developing the digital economy. “The inflow of foreign direct investment into the Russian economy amounted to $7 billion in the first quarter. The increase in investment is currently outpacing GDP growth, which is another sign our economy is entering a new phase of growth, and the foundations for its future growth are taking shape,” Putin said.

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