The Kremlin announced that Putin will discuss at the SPIEF.
From tomorrow to Saturday, St. Petersburg will host the International Economic Forum (SPIEF), which will traditionally be attended by Russian President Vladimir Putin.
Presidential spokesman Dmitry Peskov said in an interview with TASS that Putin’s speech this year is extremely important, as the Russian leader will talk about the impact of many Western sanctions against Russia on our economy, as well as the rest of the world. This includes rising energy prices, the global food crisis, and much more.
Moreover, to a greater extent, Putin’s speech, as Peskov stressed, will be directed to international investors.
Experts, in an interview with MK 8220, expressed their opinion on how and what exactly Putin will say.
Thus, financial analyst Mikhail Belyaev believes that in the first part of his speech, Putin will say that Russia continues to play an important role in the global economy, and therefore, problems of cooperation may eventually lead to the destruction of the entire structure of the world’s trade balance.
From this follows the second part, which Putin will link with the forum’s motto “The world is on the threshold of a new economic reality ”.
The expert explained that today, against the background of geopolitical conditions, new entrepreneurs occupy financial centers that have lost their positions. In other words, in the new Cold War, there is now a confrontation between the West and the East, and the first economic model has lost its relevance, since there has been an aggravation of social problems against the background of increased attention to technical aspects. Therefore, Russia will show openness to new economic partners.
But Nikita Maslennikov, a leading expert at the Center for Political Technologies, suggested that Putin’s speech would be limited to optimistic, aimed rather at stating the modern challenges that Russia has to face.
He explained that after successfully adapting to the new package of anti-Russian sanctions in the first months, Russia clearly demonstrates that the West failed to send our economy into prolonged trade isolation. Nevertheless, it has yet to go through the second stage of adaptation to the sanctions pressure.
The expert explained that the sanctions of the United States and the West have become a catalyst for Russia to reset the economic sector of the state, and now Putin must show the directions of future reforms, as well as choose profitable and competitive ones for foreign partners. This includes the oil sector, and the unbinding of the budget from focusing on quotes of foreign currencies, increasing the role of the ruble in commercial transactions.
Mark Goichman, chief analyst at TeleTrade, believes that Putin should convince the summit participants with his speech that Russia is capable of coping with modern economic shocks. For this, he will pay attention to inflation in the West caused by the “pumping” of the world economy with money from leading central banks to combat the pandemic, as well as the rupture of economic chains and anti-Russian sanctions.
At the same time, Putin will also propose concrete steps to solve this problem in the form of a kind of roadmap.