St. Petersburg Economic Forum
The St. Petersburg International Economic Forum brings together politicians and corporations from around the world on June 21-23. Politicians and executives will gather in Russia at a time when the so-called BRICs and other emerging markets are playing an increasingly role in the global economy amid the European debt crisis. Follow the breaking news, in-depth reports and videos from the debate at St. Petersburg.
President Vladimir Putin asked the chief executive officers of U.S. and European energy producers to grant Russian companies access to international assets, holding out some of the world’s biggest untapped resources as a prize.
President Vladimir Putin unveiled a plan to jolt Russia’s economy out of the worst growth in four years, promising to help the central bank cut inflation and pledging about $14 billion of savings to revamp roads and railways.
Russia is poised to suffer less than its emerging-market peers from Ben S. Bernanke’s plan to halt the Federal Reserve’s unprecedented quantitative easing program because most of the hot money it created went elsewhere.
President Vladimir Putin is battling investor skepticism to woo foreign executives descending on his hometown today as Russia’s economy faces a risk of recession and a crackdown on critics scares off top intellectuals.
President Vladimir Putin named Alexei Ulyukayev, a central bank first deputy chairman, to take charge of Russia’s Economy Ministry and moved the current minister, Andrei Belousov, to the Kremlin as his aide.
Russian President Vladimir Putin, who has berated the U.S. Federal Reserve for being “parasitic” with its bond purchases, said Fed Chairman Ben S. Bernanke is making a long-overdue move to scale back stimulus.