Suits head to St Pete for business forum

German Gref , the President of Sberbank, Russia’s largest bank,  says it’s one of the biggest events of its kind in the world.

“Its hosts dozens of meetings, I think only Davos can match it,” Gref said.

Russia has done a lot to promote itself as a reliable place to do business. For many Russian businessmen, the main value of the forum is that it enhances the image of Russia as a serious business environment.

Russia’s Finance Minister, Alexey Kudrin, has said the St. Petersburg Forum is increasing in significance. He says: “the main aim of the Forum is the further development of Russia and the CIS region.”