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The Guardian - UK
The Guardian - UK
World
Andrew Roth and Pjotr Sauer

Western firms snub ‘Russian Davos’ as its prestige evaporates

Drones produced by Russia on display at the St  Petersburg International Economic Forum this week
Drones produced by Russia on display at the St Petersburg International Economic Forum this week. Photograph: Anadolu Agency/Getty Images

Western companies have almost universally shunned a self-styled “Russian Davos” event annually headlined by Vladimir Putin, in a stark symbol of Russia’s international isolation more than 15 months into its full-scale invasion of Ukraine.

One former attendee of the St Petersburg International Economic Forum (SPIEF) described an invitation to the forum as “totally toxic” and compared it to being asked to join the annual reunion of Spectre, the criminal organisation run by James Bond’s archenemy Ernst Blofeld.

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