US EditionRussia's 'Davos' yet to Recover Western Appeal Despite Thaw with Washington
- The 28th edition of the major economic forum taking place in Saint Petersburg, Russia, will commence on June 17, 2025, bringing together key political figures and business leaders, including Vladimir Putin.
- The forum follows years of Russia's invasion of Ukraine and Western sanctions since 2022, which have driven away most Western investors and companies.
- The event features around 200 panel discussions and agreements mostly on regional social and economic development, but formal contracts and significant Western business participation remain limited.
- Foreign direct investment into Russia fell 62.8% year on year to $3.35 billion in 2024, reflecting war, sanctions, inflation, and slowing growth that block meaningful economic revival.
- Despite limited international engagement, the forum serves as a platform for government relations and signals Russia’s intent to show it is not isolated amid ongoing conflict and economic challenges.
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der Standard DERussia's President invites to an international economic forum in his hometown of St Petersburg. Joined by: former Austrian Foreign Minister Karin Kneissl
·Vienna, Austria
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The next Petersburg Economic Forum will take place from 18 to 21 June, and the main event will be a panel session with Vladimir Putin; the state-owned and loyal Kremlin media have already received recommendations from the political bloc of the AP on what activities are needed to cover them in the news or in the coverage of the forum.
·Riga, Latvia
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Total News Sources14
Leaning Left4Leaning Right1Center2Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
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