All articles tagged with #economic forum
President Trump announced plans to host the 2026 G20 summit at his Doral resort in Florida, marking a return to hosting a major global event at his property after previous plans for a G7 summit there were canceled. The summit will focus on economic growth and financial stability, with a smaller guest list, and is scheduled for December 2026.
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.
Poor turnout at Putin's economic forum in St. Petersburg is another sign that Russia's war on Ukraine is isolating it from the global economy. The event failed to draw big names from the West, and even countries that were once neighbors of the Soviet Union were a no-show. Most in attendance were lower-level politicians from the Middle East, Latin America, and Asia – areas that Russia has become closer to economically as Western sanctions cut it off from traditional avenues of trade. Experts have warned that the moat between Russia and the Western world could be lethal to Russia's economy, with some even estimating that the nation could become a failed state within the next decade.
Brazilian President Lula da Silva spoke with Russian President Putin and declined an invitation to attend an economic forum in Saint Petersburg due to his inability to visit Russia at the moment. Lula reaffirmed Brazil's willingness to establish peace talks with both sides of the war in Ukraine, along with India, Indonesia, and China. Putin confirmed the call and said Russia is open to dialogue over Ukraine. Lula has pitched himself as a peace broker to end the war, which began when Russia invaded its neighbor in February 2022.
Brazilian President Lula da Silva spoke with Russian President Putin and declined an invitation to an economic forum in Saint Petersburg due to his inability to visit Russia at the moment. Lula reaffirmed Brazil's willingness to establish peace talks with both sides of the war in Ukraine, along with India, Indonesia, and China. Lula has pitched himself as a peace broker to end the war, which began when Russia invaded its neighbor in February 2022.