SPIEF’23 is on!

Sovereign Development – the Basis for a Just World

This thread will be renewed and stay on top with the best presentations at St.Petersburg International Economic Forum (SPIEF’23).

Pepe Escobar is on the spot, and will regularly let us know what is hot and what is not.

First:  From the Business Program, the charming, highly intelligent and really smart Elvira Nabuilina, in a panel titled How the Russian Economy will Develop.

Themes overall are Structural Transformation is inevitable and ongoing in all Global Economies.  In this current phase integration is being replaced by global fragmentation.  Global balance is shifting.  Countries are aiming to achieve technological sovereignty.

At one stage, Elvira explains how she sailed these troubled waters of sanctions and a shifting global economic balance within Russia – she did not overmanage the crisis – she supported business, small and large.  She considers that Russia does not have a traditional technical market economy and explains why.

We of course see the success of her deft work in Russia today.

It is on this page, just scroll down a little for the broadcast:

https://forumspb.com/en/programme/business-programme/104216/

Second:  A summary from Pepe Escobar on the Main points from “Dedollarization: The Future of Money” panel

▪️Dedollarization is a national security priority because of the US decision to “weaponize” the dollar for geopolitical purposes;

▪️The Ukraine conflict has accelerated Russia’s dedollarization process. In early 2022, 80% of Russia’s trade settlements were conducted in dollars, euros, and other “unfriendly” currencies. That share feel to 48% by the end of 2022 and later to 30% by March 2023;

▪️The dollar’s status will continue to erode to the “systemic crisis” of US hegemony and de-globalization. Countries are increasingly shifting towards a regionalization of trade and a localization of production. Both of these trends make the dollar less essential to international settlements;

▪️Russia is exploring the creation of a stablecoin pegged to gold or some other natural resources. Additionally, there is growing interest in using blockchain technologies to develop an alternative to the SWIFT payment system;

▪️BRICS currency could threaten the dollar if the bloc’s member states decide to link their bond markets. We could see a potential breakthrough on the development of a BRICS currency during the bloc’s leaders summit in August.

Third:  Sputnik has a handy timeline on this huge conference:  https://sputnikglobe.com/20230616/live-updates-day-three-of-st-petersburg-international-economic-forum-1111203541.html

Fourth:  Highly recommended by Pepe Escobar – Alexander Dugin’s address starting at around 1:05.

https://roscongress.org/sessions/spief-2023-rossiya-na-karte-mira-2040/translation/

If you start the video and go to the right hand corner, you will see a icon for headphones.  Click on that and you can change the soundtrack to English.

Plenary Session:  Mr Putin

https://forumspb.com/en/programme/business-programme/110303/?ELEMENT_ID=110303