St. Petersburg Hosts SPIEF 2025 with a Focus on International Cooperation, Innovation, and Economic Challenges

On Wednesday, the 28th edition of the St. Petersburg International Economic Forum (SPIEF) kicked off, bringing together over 20,000 delegates from 140 countries, including Venezuela, Brazil, Mexico, and Cuba. In a world marked by conflicts, sanctions, and shifting alliances, the forum has reaffirmed itself as a vital platform for Russia to pursue international cooperation, offer an economic alternative, and strengthen strategic ties with partners in the Global South to break Western efforts to isolate it. SPIEF is often described as the “Russian Davos,” that is, the Russian counterpart to the World Economic Forum held annually in Davos, Switzerland.

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Venezuela and Turkey Strengthen Economic Ties with Creation of Cavetur and Bet on Special Economic Zones 

This week, a significant event took place where the first board of directors of the Venezuelan-Turkish Economic Integration Chamber (Cavetur) was sworn in. This new body aims to boost trade between Venezuela and Turkey. The goal is clear: reach $3 billion in trade exchange within the next three years, focusing on investments, tourism, and Special Economic Zones.

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