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AP PHOTOS: Despite darkish instances, Russian financial discussion board shines

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ByAlexander Zemlianichenko Associated Press

Participants are reflected in the ceiling as they enter a hall at the St. Petersburg International Economic Forum in St.Petersburg, Russia, Wednesday, June 15, 2022. Russia’s annual event to tout its investment opportunities this year was shadowed by

Participants are mirrored within the ceiling as they enter a corridor on the St. Petersburg International Economic Forum in St.Petersburg, Russia, Wednesday, June 15, 2022. Russia’s annual occasion to tout its funding alternatives this yr was shadowed by the strict worldwide sanctions imposed on the nation after the Kremlin despatched troops into Ukraine 4 months earlier and by the intensive disapproval of overseas companies, which have suspended operations or pulled out solely, leaving Russian purchasing facilities pocked with darkish, shuttered shops. (AP Photo/Dmitri Lovetsky)

The Associated Press

ST. PETERSBURG, Russia — The vivid colours and large video screens within the corridors of the St. Petersburg International Economic Forum gave the showpiece gathering the air of an upscale Russian mall — besides that all the pieces was open.

Russia’s annual occasion to tout its funding alternatives this yr was shadowed by the strict worldwide sanctions imposed on the nation after the Kremlin despatched troops into Ukraine 4 months earlier, and by the intensive disapproval of overseas companies, which have suspended operations or pulled out solely, leaving Russian purchasing facilities pocked with darkish, shuttered shops.

Some audio system acknowledged that the nation suffered a powerful financial blow. Others optimistically spun the info — inflation as soon as projected to be 17% this yr now could be projected to be 16%.

Russian President Vladimir Putin was, as anticipated, the star of the four-day present. Although the enormous video screens often caught his face in comical expressions, Putin’s well-known power and stamina have been on full show in Friday’s handle to the plenary session and prolonged question-and-answer session.

He stated Russia’s preventing in Ukraine is totally justified; the sanctions are reckless and insane; and Russia’s dedication and inventiveness will revive the financial system.


AP PHOTOS: Despite darkish instances, Russian financial discussion board shines.
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