RUSSIA'S FLAGSHIP ECONOMIC FORUM OFFERS SCANT HOPE OF FOREIGN INVESTMENT REVIVAL

Foreign direct investment into Russia has fallen sharply, U.N. data published on Thursday showed, and Russia's premier economic forum in St Petersburg this week is offering scant hope of a revival, with Western investors largely absent.

Russia is hosting the St Petersburg International Economic Forum for the fourth time since invading Ukraine in February 2022, an offensive that precipitated sweeping Western sanctions on Moscow and a widespread corporate exodus from the country.

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