Publishing date: Jun 03, 2021 • 1 hour ago • 2 minute read •
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ST PETERSBURG Russia on Thursday said it would ditch all U.S. dollar assets in its National Wealth Fund (NWF) and increase holdings in euros, Chinese yuan and gold in what analysts said was a political move ahead of a presidential Russia-U.S. summit later this month.
Russia has been gradually reducing its dollar holdings since the imposition of Western sanctions following Moscow’s annexation of Crimea in 2014, and has sought to partially decouple from the Western financial system.
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The St Petersburg International Economic Forum opens Thursday as Russia's biggest conference since the pandemic erupted last year.. Read more at straitstimes.com.
Indonesian Trade Minister Muhammad Lufti will depart for Russia on Thursday to fulfill President Joko Widodo's mandate to intensify trade cooperation with .
01 Jun 2021 - 8:12
The Peninsula
Doha: Ooredoo has announced it will join a host of Qatari companies attending the St Petersburg International Economic Forum (SPIEF) 2021.
SPIEF is set to start from tomorrow, and a delegation of Ooredoo’s executive senior management will make the trip to Russia to attend. SPIEF is intended to act as a platform for members of the international business community to meet and discuss key economic issues pertinent to Russia, emerging markets and the world as a whole.
Ooredoo will have a booth at the event focusing on its path to the major football event being held in Doha in 2022. Four screens will introduce Ooredoo and showcase details of preparations for the event, its pioneering 5G network and smart solutions such as drone taxis, smart parking and mobility.
MOSCOW Thousands of officials and executives will gather in person in St Petersburg this week – and President Vladimir Putin will give a speech – as the…