Saint Petersburg (AFP) – Russian officials tried to play down fears about the country’s economic crisis Thursday as tensions with the West over Ukraine cast a pall over its showcase investment forum.Once billed as Russia’s answer to Davos, the three-day Saint Petersburg International Economic Forum has Greek Prime Minister Alexis Tsipras visiting but many Western leaders and CEOs staying away amid the fallout of the Ukraine conflict.Attention is focused on Russia’s economic woes, with the country having slumped into recession on the back of Western sanctions over Ukraine and lower oil prices.Russian President Vladimir Putin however insisted that the economy …read more
Source: Business Insider
