Turkish Forum

Tag: SPIEF

  • St. Petersburg International Economic Forum 2025 to Focus on Multipolarity and Global Cooperation

    St. Petersburg International Economic Forum 2025 to Focus on Multipolarity and Global Cooperation

    St. Petersburg is set to become the epicenter of global economic dialogue from June 18 to 21, 2025, as it hosts the St. Petersburg International Economic Forum (SPIEF 2025). Organized by the Roscongress Foundation, the event will gather global leaders in business, government, and academia to address pressing issues in the global economy and sustainable development.

    Forum Theme: Shared Values in a Multipolar World

    The central theme of SPIEF 2025 — “Shared Values as a Foundation for Growth in a Multipolar World” — reflects Russia’s commitment to strengthening its role amid shifting global dynamics. As the international community navigates a period of economic and geopolitical uncertainty, the forum will serve as a vital platform for practical dialogue and collaborative solutions aimed at adapting the global economy to new challenges.

    Global Participation and Strategic Dialogue

    Representatives from over 140 countries and territories, including the BRICS nations, are expected to attend — reaffirming SPIEF’s growing influence as a cornerstone of international cooperation. At the 2024 forum, 21,800 participants from 139 countries took part, with over 1,000 agreements signed totaling more than 6.4 trillion rubles.

    Russia’s Role in a Transforming World

    SPIEF 2025 takes place at a time when the global economy is confronting transformative challenges, from accelerated digitalization to the climate crisis. The forum will not only facilitate high-level discussions but also aim to generate actionable strategies for global adaptation and progress.

    A key highlight of this year’s forum is the active involvement of BRICS nations, with Russia holding the chairmanship in 2024. Their participation will further drive economic cooperation, infrastructure development, and sustainability-focused initiatives.

    Key Topics on the SPIEF 2025 Agenda

    • Digital Transformation: The evolving role of technology in business operations
    • Sustainable Development: Climate adaptation strategies and the green transition
    • Global Cooperation: Enhancing ties between nations in a multipolar world

    SPIEF 2025 will offer participants a unique opportunity to engage in meaningful dialogue, share expertise, and forge partnerships aimed at fostering a more resilient global economy.

    A Global Economic Hub

    SPIEF 2025 reinforces St. Petersburg’s position as a key hub for international economic engagement. As a platform for shaping economic policy and cooperation, the forum continues to play a pivotal role in advancing Russia’s position on the world stage while offering a venue for building long-term business and diplomatic relationships in today’s evolving global landscape.

  • 136 countries and territories have confirmed participation in SPIEF 2024.

    136 countries and territories have confirmed participation in SPIEF 2024.

    So far, 17,100 people and 3,400 representatives from 136 countries including Turkey have confirmed their participation in SPIEF.

    The organizers of the Forum note that participation indicators have reached pre-Covid levels: the period of restoration of economic activity is over, and the Forum is in a growth phase. As a communication tool, it is in demand by the global business community.

    Today, SPIEF is one of the sovereign centers for the development of Europe, which is a historical restructuring that implements the mission of maintaining the global balance of power and building a multipolar international system. It also provides conditions for development based on the continental and constructive development of the day, dictated by the national interests of the Russian Federation. The forum has become a full-fledged institute for national growth.

    The business program covers a wide range of issues: from the development of international economic relations and technological transformations to priority science research the studies of the modern society. The headline of the 27th St. Petersburg International Economic Forum is “The basis of multipolarity causes the growth of new centers.”

    On the eve of SPIEF, several conferences are held annually in different countries. This year, the final session took place in the capital of the Republic of Costa Rica – San Jose. The location was not chosen by chance – it was Costa Rica that became the first country in Central America to establish official diplomatic contacts with Russia back in 1872. Over the more than 150-year history of relations, a strong bond has been established between the two governments.

    In Russia, the St. Petersburg International Economic Forum will be held from June 5 to 8.

  • Could the SPIEF boost the TurkStream flows?

    Could the SPIEF boost the TurkStream flows?

    Putin and Erdogan open TurkStream gas pipeline

    The Saint Petersburg Economic Forum to be held in Russia on June 2-5 is the first post pandemic global event that is focused to gather international delegations from the U.S., Germany, Italy, China, South Asia and the Middle East.

    With the Forum’s main focus on energy and sustainable development, Russia aims to boost international trade ties and attract investments to its economy. And Turkey could be among most prospective partners for Russia following the SPIEF ambitions. Today Ankara’s major interest is to provide permanent gas flows through the Turkish Stream. On the other side, Turkey, a NATO’s member, has been manipulated by the United States for years following Washington’ efforts to sign a deal with Ankara on U.S. natural compress gas (GNC).

    However, the recent tensions between Biden and Erdogan on Ankara’s recognition of the atrocities committed against the Armenian people in 1915 as genocide as well as the recent criticism of Erdogan towards the U.S. on the Gaza-Israeli conflict have been a sore spot between the countries placing their further economic and political cooperation in question.

    This explains why Turkey has been seeking a closer cooperation with Russia, Iran, Azerbaijan and Turkmenistan to support the Turkish Stream supplies. The pipeline, which transits the Black Sea, took five years to complete and is one of two major new natural-gas export routes totaling nearly $20 billion. Russia on its parts also expects to go on line this year and the SPIEF is likely to become a platform for developing further economic cooperation and trade ties between Turkey and Russia.