"Russia's Economic Forum Highlights Isolation and Elite Ties"

The St. Petersburg International Economic Forum (SPIEF) has shifted focus towards Russia's partnerships with the Global South and domestic business deals amid its diplomatic and economic isolation following the 2022 invasion of Ukraine. The forum, once a major international event, now sees diminished Western participation, with notable attendees including the presidents of Bolivia and Zimbabwe and a delegation from the Taliban. The event also highlights the involvement of the children of Russia's political elite and discussions on Russia's "economic sovereignty" and "traditional values." Despite its reduced global status, SPIEF remains a key platform for Russia's political and economic elite.