History of the St. Petersburg International Economic Forum
The initiative of holding the St. Petersburg International Economic Forum belongs to the Federation Council of the Federal Assembly of the Russian Federation and the Inter-parliamentary Assembly of CIS Member States. In May 1997 the idea was endorsed by the President and the heads of Commonwealth states.
The Nevsky Summit (as it was called at the time) was originally designed as a sort of Davos Forum for the CIS. Its main aim was to conduct broad, representative and independent discussions on the economic and geopolitical development of the Commonwealth countries, their role in the global economy, prospects for the formation of new markets, and attraction of major foreign investors to the economies of the CIS states.
In May 1998, President Boris Yeltsin signed a decree making the Forum an annual event.
The Forum has taken a prominent position in the life of Russia and in the world community, becoming not only a powerful basis for the development of economic processes in Russia and worldwide, but also an ever-evolving tool for raising the prestige of the country.
The plenary sessions of the Forum serve as a venue for discussion of the most important topics attracting serious interest among representatives of both the political and business elite.
In drafting the Forum program, the Organizing Committee tries to ensure both that the main topics for the plenary sessions are announced, and also that the highest and most competent level of discussion is attained. Each of the major topics is continued and further developed during the roundtables. Thus, the discussions remain relevant and specific, but also inclusive of a wide range of participants, allowing assessment of a topic from different viewpoints, and resulting in the adoption of comprehensive measures.
Each year the Forum is attended by heads of states, governments, and parliaments, leaders of international organizations, representatives of political and business elites from dozens of countries.
The Forum brings together representatives of business, science and state power in order to facilitate the development of major investment projects and up-to-date economic ideas.
The key mission of the Forum is to serve as a practical tool for businesses, by helping to overcome the barriers that divide Russia and other countries, both in terms of geography and information.
The working languages of the Forum are Russian and English.
The I St. Petersburg International Economic Forum
It took place on June 18-20, 1997 under the auspices of the Inter-parliamentary Assembly of CIS Member States and with the support of the Russian government. It was attended by more than 1500 people from 50 countries, including heads of governments and parliaments of the CIS, Russia's regions, representatives of banks and financial institutions, businessmen and public figures.
Thematically, the Forum was focused on the problems of integration among CIS countries. Particular attention was paid to finding new ways and possibilities of expanding economic cooperation between Russia and other Commonwealth member states, and financial and industrial structures of the leading nations of the world, thereby enhancing the inflow of foreign investments into the CIS economies.
The debate about the economic and geopolitical development of the CIS countries and the international community, their role in the global economy, and prospects for the creation of markets was led by Yegor Stroyev, Chairman of the Federal Assembly, Chairman of the Inter-parliamentary Assembly of CIS members, heads of governments and parliaments of CIS countries and Russia's federal regions, representatives business community, leading entrepreneurs and bankers, trade union and public figures of the CIS member states and other countries.
27 Forum participants spoke at the plenary sessions. There were 20 roundtable discussions. Following the discussions, participants of most of the round tables adopted recommendations. Some of the recommendations had been further worked on by drafting groups. The conclusion of a loan agreement between the governments of Russia and Belarus (totaling 500 billion rubles) will remain in history as one of the most successful moves towards integration on the territory of the former Soviet Union.
The II St. Petersburg International Economic Forum
This Forum was held on June 17-19, 1998 under the auspices of the Inter-parliamentary Assembly of CIS Member States and the Federation Council of the Federal Assembly of the Russian Federation (FC FA RF).
The Organizing Committee was headed by Yegor Stroyev, Chairman of the FC FA RF, Chairman of the Inter-parliamentary Assembly of CIS Member States.
The Forum, which was held as an annual event for the first time, attracted 2600 people, of whom 212 participants represented CIS countries and 109 - non-CIS countries. Notably, the Forum was attended by leaders of the CIS member states (Prime Minister Sergei Kiriyenko, President of Belarus Alexander Lukashenko), heads of Russia's regions (including 43 governors), heads and representatives of parliaments (including Gennady Seleznev, Speaker of the State Duma), and representatives of 36 major international organizations, including the Council of Europe, UN, and UNESCO. The Forum was also attended by some of Russia's eminent scholars, in particular, Dmitry Lvov, the Academician-Secretary of the Department of Economics of the Russian Academy of Science, Leonid Abalkin, Director of the Institute of Economics of the Russian Academy of Science, Alexander Nekipelov, Director of the Institute for International Economic and Political Research, as well as the heads of Russian and foreign private financial institutions.
In addition to the opening and final plenary sessions, 28 roundtables were also held as part of the Forum. Discussions were divided into five thematic clusters: CIS - Ways Towards Further Economic Development, Problems of Cooperation in Sectors of the Economy, Economic Cooperation and Regional Development, The Problems of Ecology, Social Policy and Culture, and Counting on Investments. About 500 panelists form dozens of countries delivered speeches at these meetings.
During the Forum, 700 investment projects were agreed on, and 52 agreements and protocols on investments totaling approximately $1 billion were singed.
On the initiative of the head of Gazprom, Rem Vyakhirev, a roundtable on issues facing the fuel and energy industry was held; at the suggestion of Academician Yevgeny Velikhov - a roundtable entitled Problems of Energy in the XXI century. Participants discussed in details the legal issues of economic reform and the creation of a single legal space in the CIS, as well as the challenges for monetary policy in the Commonwealth.
Among the notable episodes of the Forum there was a roundtable discussion, led by Yegor Stroyev, entitled A National Program for Overcoming the Crisis and A Transition to Sustainable Economic Growth: Conceptual Proposals and Immediate Actions (the session was attended by Chairman of the Federation Council Committee on Economic Policy Vladimir Yakovlev and the Central Bank Chairman Sergei Dubinin). Meeting participants raised a number of questions related to overcoming the crisis in Russia's economy. The document that received the endorsement of the Forum participants in general, was complemented by papers presented at the roundtable CIS: a Strategy for Economic Development, the State's Role in the Regulation of National Economies, chaired by the Chairman of the Ryazan Regional Duma Vladimir Fedotkin.
In addition, presentations of inter-regional economic associations of the North-West and Chernozem region and exhibitions of regional high-technology markets were held as part of the Forum.
The III St. Petersburg International Economic Forum
The Forum was held on June 16-17, 1999 under the auspices of the FA FC RF and the Inter-parliamentary Assembly of CIS Member States, as well as with support of the Russian President and Government.
The forum was attended by over 2000 people - representatives of 59 states (including heads of parliaments of Belarus, Ukraine, Kazakhstan, Germany, France, India, China, the Baltic States and Latin America; leaders of the UN, UNESCO and the Council of Europe). Among the Forum participants were Prime Minister Sergei Stepashin, Chairman of the Federation Council Yegor Stroyev, Chairman of the State Duma Gennady Seleznev, as well as IMF Managing Director Michel Camdessus.
The main purpose of the Forum was an extensive discussion on the economic prospects of the CIS countries in the context of the global financial system, as well as the involvement of foreign investment in the economy of the Commonwealth.
During the Forum there were two plenary meetings and 14 roundtables, where about 1500 investment projects were submitted. At the meetings, questions were raised about the need for a new economic policy for Russia and the CIS countries that would allow them to fit seamlessly into the world economic community.
Yegor Stroyev chaired meeting Russia and CIS Countries in the World Economy: Cooperation and Competition, which formulated strategic goals, objectives and the interests of our country and its CIS partners. The implementation of these would provide the conditions for the successful economic development of Commonwealth countries in the conditions of international competition. Participants of the roundtable Prospects for the Development of Regional Potential and Interregional Cooperation emphasized the importance of holding, as part of the Forum, an annual conference of regional authorities of the Commonwealth states. Several roundtables were devoted to the issues critical to national industries. Presentations of investment opportunities in Russia's regions and the relevant investment projects were also held.
Highlights of the Forum included the exhibition A New Image for the Regional Markets of Russia and the CIS, a presentation by the Big Volga and the Siberian Accord interregional associations for economic interaction of the Russian regions and "; roundtables dedicated to the following topics: The CIS: Opportunities and Prospects for Formation of a Common Economic Area , Monetary Policy and the Role of Commercial Banks in the Development of Economic Integration of CIS Countries , Scientific and Educational Potential as a Factor in the Economic Development of CIS Countries and their Integration, The Role of National and Transnational Corporate Structures in the Integration Processes of the CIS Countries. Business and Power, Fuel and Energy Complex: Problems of Interaction, the Strategy of Long-Term Policy from the Perspectives of World Energy Sector Development, The Development of Economic Integration in the Agro-industrial Sector of CIS Countries, Space and Aviation: Opportunities and Prospects for International Cooperation, Development of Russia's Market of Precious Metals and Precious Stones, Culture as a Factor in Russia’s Economic Revival, "St. Petersburg - a Window to Europe.
At the plenary sessions more than 30 representatives of the political and social elite delivered speeches, and 317 people, 32 of whom were from foreign countries, spoke during roundtable discussions. The Forum's work was covered by 637 journalists from all continents, and therefore in the concluding address the Chairman Yegor Stroyev said: "We can assume that the information blockade of the St. Petersburg Economic Forum is now broken."
The IV St. Petersburg International Economic Forum
Held on June 13-15, 2000 the Forum’s slogan was Strategy for the XXI Century: the Concerted Efforts for the Sake of Creativity and Safe Development.
The Forum was attended by 2200 people from 57 countries, including Belarus, Ukraine, Germany, China, Egypt, Brazil and Peru.
The plenary session was attended by the Prime Ministers of Russia and Ukraine, Mikhail Kasyanov and Viktor Yushchenko respectively, as well as vice-premiers and ministers from Belarus, Moldova, Azerbaijan, Kazakhstan, Bosnia and Herzegovina, and a delegation of the Inter-parliamentary Assembly of CIS Member States. A presentation was made by IMF Managing Director Michel Camdessus.
In addition, the Forum was attended by UN Under Secretary General Mark Brown, Acting President of the EBRD, Charles Frank, representatives of OSCE and other international organizations and institutions.
The emphasis was placed on an extensive, substantial discussion, which addressed issues of economic development of the CIS countries and the prospects for the formation of new markets.
During the roundtable regional and interregional problems were discussed, as well as guidelines for cooperation in social and humanitarian spheres among CIS countries. A number of roundtables were devoted to the critical issues of economic development in general, and investment activity in particular. The participants discussed the drafts of the Strategy for Russian Development Until 2010 and the Energy Strategy of Russia Until 2020. For the first time in the Forum's history a roundtable discussion entitled Problems of Integration of National Systems of Accounting and Auditing in the CIS Countries was held in the form of a master-class.
Participants of the roundtable Russia and the CIS Countries in the World of the XXI Century: Creation and Safe Development initiated a discussion on the problems of economic growth and further development of Russia and the formation of economic strategy. Another roundtable was dedicated to the topic of Financial Incentives for Investment Activity. The discussion raised many constructive suggestions on the promotion of investment activity in conjunction with the objectives of sustainable regional development. Equally interesting was the work of the roundtable Industrial Policy and Management in Modern Russian Industry. Restructuring Enterprises and Attracting Investments in the Regions.
In total, two plenary sessions and 21 roundtables were held as part of the Forum. More than 100 investment projects were proposed, while most of the roundtable discussions were moderated by industry ministers from different countries.
A Moscow-Paris teleconference, dedicated to a number of socio-economic problems, was organized as part of the Forum. Participants in the conference included members of the Federation Council of Russia, senators from France, as well as prominent scholars and public figures from the two countries.
The V St. Petersburg International Economic Forum
It was held on June 12-16, 2001 under the motto XXI Century: Developments in Innovation for the benefit of mankind.
By 2001, the status of the Forum had increased significantly - it was officially recognized as the main economic forum of the CIS.
In total, the Forum was attended by 2000 representatives from Russia (in particular, the heads of the legislative and executive bodies of more than 50 constituent entities of the Federation) and 47 foreign countries, including nine CIS countries.
The welcoming address to the Forum participants was sent by the Presidents of Russia and Belarus, Vladimir Putin and Alexander Lukashenko, and UN Secretary General Kofi Annan. The forum was attended by Czech Prime Minister Milos Zeman and Chairman of the Parliament of Romania, Nicolae Vacaroiu. In addition, the Forum gathered representatives of the IMF and IBRD.
The Forum participants exchanged views on the issues of economic and humanitarian cooperation between different countries and regions. They discussed the problems of eliminating customs and border barriers, the development of common approaches to the migration of labor, money, goods and services across the free interstate space.
In total, two plenary sessions and 16 roundtables, which addressed the most pressing issues for the CIS countries, such as problems of economic and social development, regional cooperation, and issues of further integration of the states, were held during the Forum.
More than 350 participants spoke at the plenary sessions and roundtable discussions. More than 100 investment projects were presented at the Investment Gallery exhibition that was organized as part of the Forum program.
The VI St. Petersburg International Economic Forum
It took place on June 18-22, 2002 under the slogan Russia & the CIS Moving Towards Sustainable Development: Governance Issues.
The Forum was attended by more than 2000 representatives of Russia and 40 foreign countries. 360 participants gave speeches during the sessions, among them were heads of Russian and foreign state authorities, heads of legislative and executive bodies of state authorities from constituent entities of the Russian Federation, representatives of business circles, prominent scholars and public figures.
The Forum included two plenary sessions, four sections and more than 17 roundtable discussions. The participants summed up the experiences of CIS countries in the area of social and economic development, identified the most rational direction for the joint integration into the international economic community (including accession to the WTO), developed recommendations on how to address regional issues based on the experience of the Central Federal District of Russia. There was vivid discussion on structural changes in the real sector, regulatory and legal regulation of securities markets, the effectiveness of state financial control, managerial aspects of investment and innovation policy, problems of the natural resources sector, development of information space, proposals for the reform of transport and electricity systems, as well as other issues.
At the Forum, presentations of investment projects, exhibitions and business negotiations were organized, culminating in the signing of contracts and agreements.
All the Forum events benefited from the active participation of members of the Federation Council of Russia. Committees and commissions of the Council played a leading role in the preparation of the roundtables. 18 Chairmen of committees and commissions of the Federation Council and their deputies moderated the roundtables and discussions
The main result of the Forum was the further improvement of international economic relations. This Forum was distinguished not only by its strategic focus, but also by a pragmatic approach. Issues of future investment in Russia and CIS countries were touched as well.
The VII St. Petersburg International Economic Forum
The Forum was held on June 17-21, 2003 under the motto Efficient Economy – a Decent Life.
This international conference was attended by about 2500 people from 48 countries. Among the honored guests were the EBRD President Jean Lemierre, Deputy UN Secretary General Brigita Schmognerova, IMF First Deputy Managing Director Anne Krueger, OECD Secretary General Donald Johnston, and Deputy Director General of the World Intellectual Property Organization Philippe Petit.
The forum gathered representatives of political and business circles from Brazil and Turkey, as well as Nepal, Cameroon, Nigeria and Ethiopia. Chairman of the Latin American Parliament (LAP) Ney Lopes headed the official delegation of the LAP. The Business Council of the Black Sea Cooperation Countries was represented by its Secretary General Costas Masmanidis, and Turkish-Russian Trade Council was represented by its president Turgut Gur.
Two plenary sessions and 20 roundtables addressed issues of Eurasia's social and economic strategy in the XXI century. Sessions were divided into topical panels, such as: The CIS: the Formation of a Common Economic Area, The Wealth and Poverty of States in the Context of Globalization: From Effective Management to a Decent Life, The Economic Agenda of the New Presidential Election Cycle in Russia - Are There Alternatives ? The recurring theme of the summit was a decent human life, regardless of place of residence and citizenship.
During the Forum, a protocol on the construction of business centers in Vladivostok, Khabarovsk and Yuzhno-Sakhalinsk was signed. It was a very significant event for these promising regions of Russia, which are in need of accelerated development.
A distinctive feature of this Forum was that it was held during the celebration on the 300th anniversary of St Petersburg.
The VIII St. Petersburg International Economic Forum
The Forum was held on June 15-19, 2004 under the motto of the previous international conference: Efficient Economy - a Decent Life.
The Forum was attended by more than 3000 people from 50 countries, including representatives from the UN, EBRD, the World Intellectual Property Organization, the Nordic Investment Bank, the Parliamentary Assembly of the Council of Europe, Organization for Black Sea Economic Cooperation, and Organization for Security and Cooperation in Europe.
The welcoming addresses were sent by Russian President Vladimir Putin and UN Secretary General Kofi Annan. The summit was attended by Prime Minister Mikhail Fradkov, heads of executive and legislative branches of Belarus, Moldova, Armenia, as well as the Czech Republic and Slovakia. The Forum was opened by the Chairman of the Federation Council of the Federal Assembly of the Russian Federation, Sergey Mironov.
During the Forum two plenary sessions and 25 roundtables were held. Particular attention was paid to the issues related to reform of communal services, formation of a Russia-EU economic area, corporate governance and social responsibility in business, etc. The key speaker at the plenary session was Prime Minister Mikhail Fradkov. Among the speakers were also the Chairman of the State Duma Boris Gryzlov, Minister of Economic Development and Trade Herman Gref, Presidential Representative to the Southern Federal District Vladimir Yakovlev, acting President of Chechnya Sergei Abramov, President of RSPP Arkady Volsky, head of Sberbank Andrey Kazmin, Chairman of RAO UES of Russia Anatoly Chubais, Chairman of Gazprom Alexei Miller, President of Lukoil Vagit Alekperov, as well as Prime Ministers of Ukraine and Moldova Viktor Yanukovich and Vasily Tarlev.
As part of the Forum, presentations and exhibitions from the Southern Federal District of Russia, Armenia and the Czech Republic, as well as the exposition Mineral Resources of the CIS, were organized.
The IX St. Petersburg International Economic Forum
The Forum was held on June 14-16, 2005 under the auspices of the Federation Council of the Federal Assembly of the Russian Federation, and under the motto Efficient Economy - a Decent Life.
The Forum was attended by more than 1800 people, including President Vladimir Putin, members of the Russian Government, as well as 25 ministers and seven heads of the parliaments of various countries, 17 Russian and 10 foreign heads of regions.
During the Forum there were two plenary sessions, more than 25 roundtables, four conferences and many speeches. The main purpose of the Forum was to generate substantial and independent discussions on the economic and social development of Russia and other CIS countries, integration processes in the former Soviet Union, and the prospects for international economic and humanitarian cooperation. These discussions annually generate new ideas and concepts for socio-economic development, as well as legislative proposals, and economic and investment projects emerging. Particular attention was paid to the problems of economic growth and quality of life in the context of globalization, and issues of international and interregional cooperation between Nordic countries. These were discussed at the panel Prospects for Cooperation in the Arctic. Roundtables benefited from participation by the First Deputy Prime Minister Dmitry Medvedev, Minister of Economic Development and Trade Herman Gref, head of the Federal Agency for Science and Innovations Sergey Mazurenko, and Chairman of Gazprom Alexei Miller.
At the plenary session speeches were delivered by the President of Azerbaijan Ilham Aliyev, Chairman of State Duma Boris Gryzlov, Foreign Minister Sergei Lavrov, as well as heads of governments and parliaments of Macedonia, Montenegro, and the Czech Republic.
The Forum was financed by participant registration fees, sponsor contributions, donations, budgetary funds allocated by the Russian government, and target contributions made by interested parties.
During the Forum an NSA Class Project agreement was signed between the Makarov State Maritime Academy and the Norwegian Shipowners’ Association, for a project dedicated to task preparation at the Academy of Russian merchant fleet officers to work on ships of the Norwegian Shipowners’ Association.
As part of the Forum, presentations and exhibitions of the Siberian Federal District of Russia, Azerbaijan, and Hungary, as well as the traditional exhibition Mineral Resources of the CIS were organized.
The X St. Petersburg International Economic Forum
The Forum took place on June 14-17, 2006.
The Forum was attended by the President Vladimir Putin, First Deputy Prime Minister Sergei Ivanov, Foreign Minister Sergei Lavrov, Russia's finance minister Alexei Kudrin, Minister of Economic Development and Trade Herman Gref and others.
Among the foreign speakers were the first IMF Deputy Managing Director Anne Krueger, Minister of Trade and Industry of India Kamal Nath, Chairman of the Committee on Development and Reform of China Ma Kai, and Minister of Development, Industry and Foreign Trade of Brazil Luiz Fernando Furlan.
The main theme of this 10th anniversary Forum was The Challenges of Globalization and the Competitive Advantages of Developing Countries. The organizers provided participants with an opportunity for lively discussion pressing issues in the world economy: Common development trends in Brazil, Russia, India and China - countries which in recent years have become world leaders in terms of economic growth, as well as trends and prospects for development of the economic situation in Russia.
The Forum addressed the issue of new investment opportunities in Russia. Participants had a chance to visit an exhibition of innovative achievements by Russian companies. The traditional "investment gallery" worked in parallel with the exhibition Innovative Achievements and New Technologies in the Fuel and Energy Sector. There was also a separate exhibition of Russia's special economic zones.
There was a series of roundtables on key economic issues: Raw-material economy, global energy, government and business partnership, new cadres for the new economy, and investment opportunities in St Petersburg.
The meeting of the Investment Committee for selection of projects eligible for implementation by the Russian Investment Fund in fact became a presentation for the launch of a new mechanism of public-private partnerships, which is actively being implemented in Russia.
The Forum program also included the roundtables Time to Invest in Russia and Partnership of Government and Business.
There was a formal presentation of the Global Energy Awards followed by a debate on the most important problems in the field of energy.
The Lenexpo Exhibition Complex was deemed to have the necessary infrastructure for top level plenary sessions, roundtables and exhibitions, and thus became the new venue for the Forum.
The XI St. Petersburg International Economic Forum
The Forum took place on June 8-10, 2007.
The Forum was cooperation between two events - the St. Petersburg International Economic Forum and the World Economic Forum in Davos, which was commemorated by the signing of a memorandum of understanding between the Ministry of Economic Development and Trade of the RF and the World Economic Forum. One of the days of the St. Petersburg Forum was dedicated to the analysis of Russia's economy and its development trends until 2020. It was then that the First Deputy Prime Minister Sergei Ivanov said that by 2020 Russia would become one of the five largest economies in the world.
The official program of the Forum was attended by more than 8000 people and delegations from 76 countries, including nine foreign heads of state, three foreign prime ministers, representatives of 340 foreign businesses from 65 countries, 37 representatives of the Federation Council of the Russian Federation, 34 representative of the State Duma, and 149 heads of Russia's regions.
The core program of the Forum consisted of four plenary sessions and14 roundtables. One of them was entitled Russia-China Trade and Investment Cooperation, during which Russia and China signed 18 agreements on investment and trade cooperation totaling over US$1 billion. They include partnership and cooperation agreements between JSC Crocus International and the Foreign Trade Center of China, an agreement on cooperation in the sales of gas pumping units between NPO Saturn and China Import-Export Company of Precision Engineering; an agreement between the Chinese Institute of Economy and Association for Planning and Development of Chinese Industrial Investment Abroad, as well as a cooperation agreement and contract between the Incom-Auto and Hebei Zhongxing Automobile Plant, Ural Cars and Motors Company, and others.
In addition, there were seven more roundtables under the auspices of the Forum and nine presentations during which there were 13 contact signing ceremonies, totaling approximately US$13.5 billion.
As information partners of the Forum, key media agencies and business publications were involved in the Forum's work: RAMI RIA Novosti, ITAR-TASS, Interfax News Agency, Vedomosti and Kommersant newspapers, Itogi, Expert, Forbes and Newsweek magazines.
One of the most vivid and memorable moments of the Forum was its cultural program, drafted under the supervision of the Chief Conductor of the Mariinsky Theater Valery Gergiev. The program included several impressive events (reception and concert on the Hermitage’s Palace Square and the Mariinsky Theater, the Swan Lake ballet and others).
The distinctive feature of XI Forum was its practical orientation. An Exhibition of the Achievements of Russian Industry and Science was one of the main events of the Forum. It illustrated the high economic and innovative potential of Russia's regions.
The XII St. Petersburg International Economic Forum
The Forum was held on June 6-8, 2008.
The SPIEF was attended by more than 10 000 people, including 2300 participants and 800 media representatives. The Forum was hosted 74 official delegations; among the participants were heads of states, prime ministers, deputy prime ministers, ministers, deputy ministers, and heads of transnational corporations. Seven delegations of international organizations, including the International Monetary Fund, World Bank, and the Arab League also arrived in St Petersburg.
Roundtable discussions of Russian and European industrialists, a meeting on venture capital investments, presentations by the St. Petersburg Commodity Exchange, SuperJet aircraft, and the Best Management Practice project were organized as part of the Forum.
Heads of major corporations had an opportunity to meet with the Russian President Dmitry Medvedev and the First Deputy Prime Minister Igor Shuvalov - who spoke at the plenary sessions of the Forum.
The total value of contracts signed during the Forum amounted to US$ 14.6 billion.
During the Forum 17 major agreements, including an agreement on cooperation between PIK and Marine Facade with a total value of US$3 billion, and an agreement on the construction of the Kyzyl - Kuragino railway line were concluded.
The most important contracts included an agreement between Gazprom and Royal Dutch Shell which provided for the joint development of oil and gas fields in Yamal and the construction of an LNG plant.
The United Aircraft Corporation and the Boeing signed a document on enhancing cooperation in the field of civil aviation. Sberbank and Deutsche Bank signed a Memorandum of Understanding.
Vnesheconombank signed loan agreements with Sukhoi Company, while the Volga-Dnepr Group signed an agreement on the establishment of an international air transportation hub with the administration of Krasnoyarsk Krai.
Sollers Company and FIAT signed an agreement to establishing two joint ventures in Russia. One of them will specialize in the C-class Fiat car manufacturing, the other one - in the manufacturing of diesel engines.
