The St. Petersburg International Economic Forum (SPIEF 2015) kicked off, Thursday, as some 7,500 participants from Russia and 64 other countries arrived to take part in one of the country’s largest annual business conferences. Despite sanctions, more than 7,000 guests and 1,000 international companies including the heads of BP, Royal Dutch Shell and Total are expected to attend. Prominent Russian guests included former Finance Minister Alexei Kudrin, Russian First Deputy Prime Minister Igor Shuvalov and Sberbank boss German Gref. They are among a host of government figures, business people, academics, and media personalities who have flocked to St. Petersburg to take part in the event. Since SPIEF was founded in 1997, it has proven to be one of the most important economic gatherings hosted by Russia, aiming to offer an open platform to discuss economic issues in relation to the Russian market. The forum runs until June 20.
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