The St Petersburg International Economic Forum has come to an end

    20 June 2015
On the photo: Sergey Mikaelyan and Muhammad W. Vohra

Today the St Petersburg International Economic Forum (SPIEF) has come to an end. The main result of the Forum was 200 agreements and contracts amount to 300 billion rubles ($5,4 billion). Despite sanctions and considerable tension between Russia and the West, the Nothern Capital received a record breaking amount of guests – politicians, businessmen, economist experts.

For the first time the Shanghai Cooperation Organisation (SCO) Business Forum was held within the framework of the SPIEF. This year Russia chairs SCO. At the SCO summit to take place in Ufa, Russia, in July the process of accession of India and Pakistan will be launched, said Dmitry Mezentsev, the Secretary-General of the SCO.

On the sidelines of the Forum the Director of the St. Petersburg branch of the Russian Business Council for Cooperation with Pakistan Sergey Mikaelyan met with the Vice-President of the Federation of Pakistan Chambers of Commerce & Industry Muhammad Waseem Vohra. During the meeting a possible visit to Russia by a delegation of Pakistani businessmen was discussed. As Mr. Vohra also pointed out, there is a huge amount of opportunities for Russian investment in Pakistan, especially in the realm of power, steel and petrochemicals.