SPIEF 2024
The 2024 edition of the St Petersburg International Economic Forum (SPIEF) takes place from June 5 to 8. The theme of this year's event is “The foundation of a multipolar world - forming new points of growth”.

Most Major Russian Companies Have Partners in BRICS Countries

© AP Photo / Gianluigi GuerciaFrom left, Brazil's President Luiz Inacio Lula da Silva, China's President Xi Jinping, South Africa's President Cyril Ramaphosa, India's Prime Minister Narendra Modi and Russia's Foreign Minister Sergei Lavrov pose for a BRICS group photo during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa, Wednesday, Aug. 23, 2023.
From left, Brazil's President Luiz Inacio Lula da Silva, China's President Xi Jinping, South Africa's President Cyril Ramaphosa, India's Prime Minister Narendra Modi and Russia's Foreign Minister Sergei Lavrov pose for a BRICS group photo during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa, Wednesday, Aug. 23, 2023. - Sputnik Africa, 1920, 06.06.2024
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This is according to the study* whose results were unveiled at SPIEF-2024. Here are some of the key figures presented.
▪️ 52% of companies export to these member states of the group;
▪️ 57% import from these countries;
▪️ 63% are industrial and automotive companies;
▪️ 53% are involved in the agri-food, medical, or consumer goods sectors;
▪️ 63% of trade is conducted in the currency of the partner country. This indicator rises to 91% for small companies.
*The study was conducted by the Advisory Council on Foreign Investment in Russia, Business Group B1, and the organization “Business Russia.”
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