MOSCOW, June 18 /TASS/. SPIEF may yield $95.5 billion in contracts, and US President Donald Trump leaves the G7 summit in Canada early. Meanwhile, Iran deploys a hypersonic missile to strike Israel. These stories topped Wednesday's newspaper headlines in Russia.
Contracts to be signed at the St. Petersburg International Economic Forum (SPIEF), which kicks off on Wednesday, may reach 7.5 trillion rubles ($95.5 billion), marking a 20% rise year-on-year, experts interviewed by Izvestia estimate. The key agreements are expected to contribute to developing Russian exports in new directions and other international initiatives. More than 20,000 delegates from over 140 nations are planning to attend the forum, running through June 21, with Bahrain enjoying the status of guest country at SPIEF 2025, which will be themed "Shared Values: The Foundation of Growth in a Multipolar World." This year’s forum will differ by featuring deeper international cooperation and a more active investment strategy by both regions and individual companies, experts say.
The traditional plenary session, to be chaired by Russian President Vladimir Putin, will crown SPIEF. It will take place on Friday, June 20. Kremlin Aide Yury Ushakov specified that the head of state will present his vision of the situation in the Russian and global economy.
