Results of the World Economic Forum

 

"Despite absurd attempts to isolate our country, we and our partners have created and are successfully developing BRICS, SCO, EAEU, and other alliances. Now, the majority of Earth's population and about 45% of the global economy are with us,"
— stated Anton Kobyakov, advisor to the President of the Russian Federation, at the WEF's final press conference.

Key takeaways:

• The forum takes place at a time when the Russian economy is successfully withstanding the pressure of global Western sanctions;
• Once again, the WEF confirmed its status as a prestigious platform for discussing political and economic processes in Asia, consolidating the positive dynamics of strengthening Russia's trade positions in the APR and intensifying multilateral and bilateral relations with countries in the region;
• Over 7.1 thousand people from 75 countries, including 16 "unfriendly" states, participated in forum events over 4 days;
• The largest delegations came from China, Malaysia, Bulgaria, Vietnam, Myanmar;
• The business program included over 120 sessions and roundtables, with more than 700 speakers participating;
• On the forum platform, 292 agreements were signed for a total of about 5.5 trillion rubles;
• WEF is a platform that clearly demonstrates to the world what the result of cooperation between countries looks like when it is based on principles of equality, mutual interest consideration, and a sincere desire for joint creation;
• Effective cooperation is most conveniently discussed on large international platforms such as WEF and SPIEF.

BRICS, SCO, and EAEU:

• The first NATO country — Turkey — has applied to join BRICS;
• A total of 60 new states have expressed their intention to join BRICS, SCO, and EAEU;
• The "Big Ten" leaders will discuss the possibilities of expanding the alliance at the summit in Kazan in October;
• Russia is the fourth-largest economy in the world by purchasing power parity and the number one economy in Europe;
• Over 2/3 of transactions between BRICS members are conducted in national currencies;
• In Russia's trade balance, the share of BRICS countries has doubled over the past two years, exceeding 40%, and our transactions in national currencies with alliance partners have increased more than threefold — to 85%;
• The authority and significance of SCO on the world stage are growing, as it is set to become a new center of economic power in a changing world;
• The development of Russian integration and collective security projects, including EAEU and CSTO, has received additional impetus;
• Trade with Vietnam grew by 51.5%, with North Korea by 54%, with India by 15%, with Indonesia by 17%, with China by 1.7%.

Economy:

• Ensuring Russia's sovereignty and economic interests in the Arctic zone, including the development of the Northern Sea Route, is the foundation for guaranteeing partners access to global transportation communications in the World Ocean;
• On the ruins of the "Western values" economy, another economy is being built that meets the interests of most of humanity. The Far East has a special role in its formation;
• DFO today is the richest resource region in East Asia. By 2030, when the world feels a resource shortage, the potential of our Far East will be obvious to all;
• The Far East must become competitive with world countries in the tourism segment;
• The economic, financial, and trade center of the world is shifting from the "Global North" to the "Global South," primarily in the Asia-Pacific region. According to IMF forecasts, by 2024, about 60% of global economic growth will come from Asia;
• Alongside the economy, the APR is also becoming the world's industrial, technological, and scientific center. Now, the global political center is also inevitably shifting here.