Skip to Content

SPIEF kicks off in Russia's federal capital. Photo supplied

St Petersburg Economic Forum: Economic pragmatism in the post-COVID world

On June 2-5, the St. Petersburg International Economic Forum (SPIEF) takes place in Russia. It is the second-largest city in Russia, the fourth-most populous city in Europe and the most populous city on the Baltic Sea, as well as the world's northernmost city with over 1 million residents. Given the topical issue of Covid-19, the forum will be held in accordance with all anti-virus measures. In particular, no more than 5000 people will be able to attend in person. Noteworthy, is that the number of online participants is not limited.

Published: June 2, 2021, 3:06 pm

    St Petersburg

    The number of topics covered are significant: this year organizers offer the participants discussions on investment and business policy, sustainable growth, development of the Far East, ecology, small business, energy and ecosystems. Special attention will be given to a discussion of future economic opportunities with the Shanghai Cooperation Organization (SCO), the BRICS group (Brazil, Russia, India, China, and South Africa), the Eurasian Economic Union (EAEU) and the Association of Southeast Asian Nations (ASEAN). Among other substantial matters are creative industries, digitalization in the lockdown era, status of bloggers in the economic sphere, economies of megacities, etc.

    The SPIEF is primarily aimed at generating pragmatic results: the establishment of cooperation with countries and regions, including productive work within the blocks of discussion such as “Russia-Germany”, “Russia-Italy”, “Russia-Finland”, “Russia-Sweden”, “Russia-France”, “Russia-Africa”, “Russia-Latin America”, “Russia-Arab world”.

    Meanwhile, the SPIEF organizing team highlighted the importance to clearly distinguish between the St. Petersburg Forum from the Davos Forum. Despite the international orientation and attempts to establish constructive cooperation with different countries and regions, there is no NATO-supporting motive on the SPIEF margins, unlike Davos. The last one is mainly an excuse for promoting the globalist agenda taking shape, with an emphasis on the ideology of universalism and neoliberalism rather than on practical results.

    The key reference points of Davos were formulated in the watershed year of 2020, when the “Great Reset” was announced. It was in Davos that the term “sustainable” was popularized, suggesting, among other things, the need for population reduction, the introduction of international censorship through social networks and the increased introduction of cyborgs and artificial intelligence into the economy. Davos is a symbol of globalization and the introduction of common standards to many different regions of the world, without regard to their specificity, culture or real economic opportunities.

    The St. Petersburg Forum uses similar popular economic themes, including “sustainable development”, but there is a fundamental difference. The emphasis of “sustainability” is not projected on the world as a whole but promoted as a symbol of stable economic cooperation with each country unilaterally or with major regions which show readiness to accommodate a multipolar system.

    A clear indication of deep dissimilarity between SPIEF and Davos is the fact that at the SPIEF there are no such blocs as “Russia-European Union” or “Russia-US”. It is quite obvious that these states have complex relations against the background of geopolitical confrontations. That is why, according to the organizers, the St. Petersburg event is an opportunity for pragmatic cooperation with all the countries or blocs who demonstrate intentions to engage in trade instead of nourishing certain political contradictions.

    For example, in a dialogue with Germany participants will discuss the development of energy partnership between the countries to solve climate problems. In particular, there will be an exchange of experience to improve the environmental impact of production processes and recycling of raw materials. At the same time, a major agreement will be signed between the Russian RK-Investment Fund and the German Mangold Consulting GmbH.

    It is expected that SPIEF-2021 will bring a respectable amount of new developments and growth opportunities for all the participants, given that there has been a shift of formats and priorities in the post-Covid digitalized world.

    Consider donating to support our work

    Help us to produce more articles like this. FreeWestMedia is depending on donations from our readers to keep going. With your help, we expose the mainstream fake news agenda.

    Keep ​your language polite​. Readers from many different countries visit and contribute to Free West Media and we must therefore obey the rules in​,​ for example​, ​Germany. Illegal content will be deleted.

    If you have been approved to post comments without preview from FWM, you are responsible for violation​s​ of​ any​ law. This means that FWM may be forced to cooperate with authorities in a possible crime investigation.

    If your comments are subject to preview ​by FWM, please be patient. We continually review comments but depending on the time of day it can take up to several hours before your comment is reviewed.

    We reserve the right to del​ete​ comments that are offensive, contain slander or foul language, or are irrelevant to the discussion.

    Europe

    Italy: Nationwide house raids against vaccine opponents

    MilanThe Milan Public Prosecutor's Office has launched searches of anti-vaccination opponents in six Italian cities. Allegedly the members of the Telegram group "The Warriors" planned violent demonstrations against the Covid-19 policy of the Italian government.

    Orban offers Pope copy of 1250 letter in which a Hungarian king pleads for help against Tartar invasion

    BudapestDuring his visit to Budapest on Sunday to celebrate mass, Pope Francis met with Hungarian Prime Minister Viktor Orban, whose anti-migration policy in Hungary he does not share. The Pope received a copy of a letter reminding him why he should be more circumspect in his views.

    EMA: Almost a third of Covid vaccination side effects are severe

    BrusselsThe reported suspected side effects for the four Covid vaccines, which have only been conditionally approved in the EU, are record-breaking after just 8 months. Serious side effects have been reported.

    Breaking news: UK government drops Covid passport

    LondonIn the UK, Health Minister Sajid Javid has told the BBC that Covid passports will not be introduced in his country. When will European countries come to their senses?

    France: Thousands protest against ‘health pass’ for 9th weekend in a row

    ParisOn Saturday, demonstrators took to the streets in the French capital for the ninth consecutive weekend to express their displeasure with the health passport policy of the Macron administration. The protest quickly degenerated into clashes with the police.

    Key Dutch ministers in bed with the WEF

    The HagueAt the end of May, the Forum for Democracy led by Thierry Baudet, submitted a parliamentary question on the relations between cabinet members and Klaus Schwab's World Economic Forum. "We received evasive or even no answers to these questions," said Dutch MP Pepijn van Houwelingen.

    Marine Le Pen’s phone number leaked on social networks

    ParisThe cellphone number of the president of the National Rally was published on social networks. Many strangers called her, forcing her to change her number and file a complaint.

    Hungarian teacher promises better grades to vaccinated children

    TamasiParents have complained about the biology teacher at the Würtz Ádám Primary School and Elementary Art School in Tamasi, Hungary, because he wanted to reward students who had been vaccinated against the Coronavirus and punish those who had not received the jab.

    Serious vaccination side effects increase by a factor of 114 in Switzerland

    BernAccording to the Swiss regulatory authority, 137 people have died after the mRNA injections since the start of the vaccination campaign. And the serious side effects after the mRNA injections continue to increase.

    Opposition to compulsory vaccination at Swiss Air growing

    BernSwiss Air now requires that its employees be vaccinated by mid-November, but not everyone agrees. Several hundred employees have formed a group demanding more detailed clarifications because the vaccination could be a threat to flight safety.

    Go to archive