Russia International Economic Conference Held Is it appealing to strengthen cooperation with friendly countries?

Russia, which continues its military invasion of Ukraine, is holding an international economic conference in St. Petersburg, the birthplace of President Putin.

While Western companies are refraining from participating, it seems that they want to appeal the strengthening of cooperation with countries such as China and Africa, and to impress that Russia is not isolated in the international community.

The International Economic Forum in St. Petersburg, Russia's second largest city, held individual sessions on the 16th with countries such as China, Turkey and Iran to discuss economic cooperation with Russia.

Of these, in the sessions between Russia and China, while many of the panelists on the Chinese side participated online, the top of economic groups attended on the Russian side, such as cooperation between the regions of the two countries and settlement by the currency ruble and the yuan. We exchanged opinions on economic cooperation.

Meanwhile, a session was held to discuss food security and rising energy prices, which have become global issues following the invasion of Ukraine.

At the food security session, Brazil, the ambassador of Senegal, the chair of the AU-African Union, and Indian ministers took the stage to address the seriousness of the problems posed by the situation in Ukraine.

In response, Russia's Deputy Prime Minister Abramchenko said, "Sanctions prevent food from being delivered where it is needed and cost twice as much as before." Claimed to be in the West to strengthen.

At the conference, while Western and Japanese companies are refraining from participating, Russia may want to appeal for strengthening cooperation with countries with which it has a friendly relationship and to impress that it is not isolated in the international community.

President Putin is scheduled to give a speech on the 17th, and although he mentions food security, he seems to be bullish, such as justifying Russia's response.

Expert "Opportunity to control Europe and the United States and appeal for cooperation with China, etc."

Regarding this year's "St. Petersburg International Economic Forum," Dmitry Potapenko, an economic expert familiar with Russian business activities, said in an interview with NHK, "As far as I understand, a leader known in the EU-European Union. Will not attend events, etc. The forum will be lightweight, while Russia needs to show how good they are, how well they are able to deal with sanctions, and how stable they are. " I pointed out.

He added to President Putin's speech on the 17th, saying, "'The current global economic crisis was caused by the Western side, and European countries have established relations with Russia's growing Asia. Will regret it very much. ”And he will appeal that Russia has a wonderful future,” he said, restraining Europe and the United States and with friendly countries in Asia such as China and India. I analyzed that it would be an opportunity to appeal the cooperation.

"Diplomatic missions and business people from each country will come to gather information rather than pay attention to President Putin's speech. Observe the actions of delegations from China, India and Iran on how to avoid sanctions. It will be, "said the attendees, who said he would keep an eye on the trends of countries that maintain economic relations with Russia.

In addition, Mr. Putinko pointed out that the impact of sanctions in Europe and the United States on Russia is "the supply chain is deteriorating, such as a decrease in product lineup and rising prices of goods," while "sanctions are long-term." It will affect, but it cannot stop the war, "he said, pessimistically saying that economic sanctions would not be a means of stopping the Putin administration's military invasion.