Pepe Escobar: Russia’s new roadmap for multipolar world

The St. Petersburg International Economic Forum is not only the premier platform for discussing everything that matters in business and geoeconomics concerning Russia and the wider Eurasia.

In his latest piece, Pepe Escobar touches upon main highlights from one day of discussions at the forum:

💬 “Nothing remotely similar, and digging so deep, takes place anywhere across the collective West. Welcome to St. Petersburg as a true capital of the emerging multipolar world.”

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🇿🇦 The treatment received by Presidential protection service's members and journalists in Poland is "very unfortunate and deeply regrettable," says South African President Spokesman Vincent Magwenya

He has also assured South Africans that despite the incident "there has been no compromise whatsoever" to the President Ramaphosa's safety

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🇷🇺 Caucasian power: Chechnya’s might stands strong at #SPIEF2023

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📹 A look behind the scenes of #SPIEF2023 with Sputnik: Reporters await Vladimir Putin’s speech

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❗️LIVE NOW: Vladimir Putin addresses SPIEF 2023 plenary session

Join the live stream here or follow this link to Sputnik’s website

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❗️Inflation in Russia is 2.9%, which is lower than in many Western countries and is close to historical minimum, Putin says:

▪️The unemployment in Russia is record-low 3.3%;

▪️The competitive advantage of the Russian federation is a sustainable macroeconomic policy;

▪️Russia's GDP growth could be 2% by year-end.

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❗️Russia gradually reducing dependence on oil, gas, this trend gaining momentum, Vladimir Putin says:

▪️The country’s state finances generally balanced, Russia chose the path of expanding freedom of entrepreneurship;

▪️The defense spending must be increased the country's security;

▪️Russia never expelled anyone from the Russian market, everyone has right to choose. The authorities will support new Russian owners of the former foreign companies in country.

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🇷🇺📹 Vladimir Putin comments on the state of Russia’s economy after the mass exodus of foreign companies

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🇷🇺📹 If foreign companies want to return to Russia, we will not close doors for anyone, Vladimir Putin says

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🇷🇺📹 ‘Neocolonial international system’ is dead: Putin points to strengthening of multipolar world order

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🇷🇺📹 Putin reveals when businesses may be spared from unneeded oversight

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President Putin offers to help Russian e-commerce firms to enter 🇮🇳Indian & 🇨🇳Chinese markets

#SPIEF2023

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🇷🇺📹 “Theft, medieval robbery”: Putin decries the unlawful freezing of Russian assets abroad

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❗️Key takeaways from the speech of Vladimir Putin at #SPIEF2023:

▪️Russia's has significantly increased trade with countries that do not succumb to severe external pressure, and these volumes continue to grow;

▪️Multipolar world order is strengthening and this is an inevitable process;

▪️About 90% of Russia's settlements with the Eurasian Economic Union countries are in rubles, with China – over 80% in rubles and yuan;

▪️Russia's GDP growth by the end of 2023 may be about 2%, and in April it increased by 3.3%;

▪️Russia's foreign trade has a $22.6 billion surplus in January-April 2023;

▪️Inflation in Russia has amounted to 2.9%, which is lower than in many Western countries and is close to its historical low;

▪️Russia's unemployment rate is down to record low of 3.3%.

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❗️Vladimir Putin's key statements on Kiev's counteroffensive at #SPIEF2023:

▪️ The war in southeastern Ukraine was started by the Ukrainian regime with the support of their sponsors in the west in 2014;

▪️ Our "counter-partners" refused a peaceful settlement, forcing Russia to use force to "stop this war.";

▪️ Ukraine's refusal of a peaceful settlement in the Donbass forced Russia to start its special operation - to stop the aggression of the Kiev regime;

▪️ The West is making every effort to ensure that Russia suffers a "strategic defeat on the battlefield", they are doing everything in their power;

▪️ The defense industry of the Russian Federation is spinning up day by day, unlike the Ukrainian one - Kiev has all the equipment from the outside;

▪️ Kiev did not reach the goals in any of the sections. Kiev has already lost 186 tanks and 418 armored vehicles;

▪️ Russian defense industry enterprises work in two or three shifts, the production of weapons has increased by 2.7 times, for the most demanded - by 10 times.

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🇷🇺📹 ‘Losses mounting daily’: Putin unveils number of tanks, armored vehicles Kiev lost in botched counteroffensive

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❗️ Vladimir Putin on Western restrictions on Russian oil at #SPIEF2023:

▪️ Any non-market restrictions in world trade are counterproductive;

▪️ Restrictions affect world markets and prices, OPEC+ makes decisions that minimize the consequences of negative influences;

▪️ The Russian oil and gas market is in good condition and has promising development;

▪️ In some cases, discounts on Russian energy products are minimal, while in general sales volumes are large, there is no catastrophe;

▪️ Restrictions on the sale of Russian energy resources are forcing Russian companies to act more professionally, for example, to process them.

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