Business and political leaders are gathering today in St. Petersburg, Russia. The various interest groups present are aiming for a full industrial integration worldwide.
During his speech, Vladimir Putin underscored the need for large scale cooperation through the full use of available technologies, instead of the regressive economic sanctions thrown at Russia’s doorsteps.
If you decide to ignore the video above, you will miss the part [1:26:47] where Putin retorted how can America considers itself as a democracy when twice it happened when the superdelegates decided the outcome of the elections instead of the majority of its people, in response to CNN analyst Fareed Zakaria’s offensives, and more.
It’s very obvious from this very large gathering of key industry personalities that a sizable number of industrialists prefer global peace with the BRICS Alliance rather than being antagonistic with it.
These progressive leaders need our support especially in dealing with the highly destructive moves of the Khazarian Mafia everywhere.
17 June 2016
14:42 GMTItalian Prime Minister Matteo Renzi urged Europe and Russia to make an effort to restore their relationship.
— Italy in Russia (@ItalyinRussia) June 17, 2016
“It is obvious that there are some problems in the Europe-Russia relationship, and it is clear that each of us has good reasons to think about the past, about why these problems occurred,” Renzi said.
14:35 GMTRosneft has agreed to sell a 23.9 percent stake in oil producer Vankorneft to a consortium of Indian companies. The deal is expected to be closed after getting governmental approval.
Vankorneft is a subsidiary of Rosneft and was set up in 2004 to develop the Vankor oil and gas condensate field in north eastern Siberia. The Vankor field is the largest oil and gas field discovered and brought into production in Russia in the last 25 years.
14:33 GMTRussia is ready to again cooperate with Europe, says Vladimir Putin.
“We do not hold a grudge and are ready to meet our European partners halfway,” the president told the forum.
Putin pointed out that the EU remained a key Russian partner, despite the recent problems.
“European business is willing and is ready to cooperate with our country,” he said stressing that Russian authorities are not indifferent to the European economy.
13:53 GMTBy 2026 China’s Alibaba e-commerce platform will be able to deliver goods worldwide within 72 hours, company founder Jack Ma said at SPIEF.
READ MORE: Alibaba to double turnover to over $900bn by 2020
“In ten years the world will make orders online and receive them within 72 hours. This is what I want to do,” he said, adding “I believe that in 20 years there will be no cash, and society will be transparent. There will be no corruption, because cash leads to corruption.”
13:33 GMTMany investors from different parts of the world attending the forum are a good sign, says UNECE Executive Secretary Christian Friis Bach.
“And here I think the companies are voting with their feet and their minds and their actions and they are telling us ‘we need to cooperate, we need more economic integration across borders and we need investments across borders, we need more trade, we need more transport, we need more transit and more tourism’,” he told RT.
Mr. Bach added that it was a good sign for the UN as well, as the organization aimed to provide help states cooperate.
13:20 GMTLukoil is in talks with Shell and Total over jointly working in Iraq, CEO Vagit Alekperov told TASS.
“We are discussing changes to our contract to expand beyond the West Qurna-2 oilfield… We are in talks with Shell and Total to create a refinery. Iraq supports our efforts,” Alekperov said.
READ MORE: How Russia’s Lukoil survives sanctions and cheap crude
Lukoil has significant stakes in Iraq, including a stake in the hard to reach crude in West Qurna-2.
12:56 GMTThe forum is initially a space for companies that already have a business relationship in Russia, said VTB CEO Andrey Kostin.
“They cannot ignore Russia, the companies are interested and waiting for increasing business opportunities,” said Kostin on the sidelines of the forum.
12:53 GMTRussian Foreign Ministry spokesperson Maria Zakharova spoke to RT about the key issues at the economic forum, and said that top businesspeople and officials at the event had voiced thoughts which reflect the current state of affairs in Russian-Western relations.
— LizaTsvetkova_RT (@LizaTsvet_RT) June 17, 2016
“The EU lost [a sense of] reality about Russia, and this is a problem. The politicians in the West really lost this [sense of] reality about Russia,” Zakharova said.