St Petersburg Economic Forum going ahead

RUSSIA / FSU POLITICS - In Brief 02 Jun 2021 by Alex Teddy
On June 8 the forum will be held. It was cancelled in 2020 due to the pandemic. 5,000 people are expected to attend. That is half the usual number. 2,000 of them will be foreigners who will only be allowed in after a negative coronavirus test. Qatar is paying for some of the forum's costs.The government is hailing this as proof that Russia has fully emerged from the pandemic. Putin shall address the forum. The Austrian Chancellor and the Emir of Qatar will attend by videolink.Russian ministers shall articulate their economic vision at the forum. The Central Bank of Russia and the Finance Ministry have crossed swords over strategy. The former is more circumspect, and the latter favors a high spending stratagem.Speakers have to pay USD 13,000 to register to speak at the forum. SMEs do not take part in it.At the end of June 2021 St Petersburg will also host soccer matches for the Euro 2020 tournament, which has been delayed to this year.Russia still suffers many coronavirus infections. Vaccination is embarrassingly slow.

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