Party members affiliated with the United Russia party participate in the St. Petersburg International Economic Forum
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Hopped over to the St. Petersburg International Economic Forum (SPIEF) 2025 from June 18-21, and boom! Over a hundred events hit the ground running, tackling the nitty-gritty of global and Russian economic advancements.
With around 600 bigwigs taking the stage, it was all about finding common ground amidst global turmoil, revamping cooperation models, and sketching out a roadmap for sustainable development.
One of the platforms that caught everyone's attention was "Dual-Use Technologies and the Future of Global Leadership." At this extravaganza, "United Russia," PSB, and CBST zipped up a deal to create an investment fund for dual-use projects, with Alexander Makarenko, First Deputy Chairman of the State Council of the Republic of Komi and Deputy Secretary of the Komi Regional Branch of the "United Russia" party, pitching in on behalf of the Komi Republic crowd.
The deal was sealed by Vladimir Yakushev, Secretary of the General Council of "United Russia" and Chairman of the Supervisory Board of the Center for Unmanned Systems and Technologies, and Petr Fradkov, Chairman of PSB.
What's the big deal, you ask? "Well, pal," as the Russians say, "this fund aims to give a boost to firms straddling the line between civilian and military solutions, and companies eyeing the untapped potential of high-tech products across a broad spectrum of applications. Investing in dual-use projects is our little way of injecting life into the country's technological sovereignty and laying the groundwork for a self-sustaining ecosystem where innovations blossom within market logic but with a helping hand for strategic state interests," says Mr. Yakushev.
Now, let's dive a little deeper. This fund is part of Russia's grand strategy to shake things up and spark new growth engines in the economy, especially in technology and infrastructure sectors that matter for national security and economic resilience. It's all about adjusting to a multipolar world economy and embracing ventures that beef up economic growth and defense readiness simultaneously. Russia's looking to expand its economic ties with partners across Asia, Africa, and more, with SPIEF 2025 serving as a key platform to establish these connections.
So, there you have it, buddy! The fund for dual-use projects is more than just a catchy title; it's a strategic move to propel Russia's technological and industrial sectors in dual-purpose fields, enhance investment attractiveness across the country, and support sustainable development while strengthening economic sovereignty in the face of ever-changing global economic realities and geopolitical challenges.
In the context of theSt. Petersburg International Economic Forum (SPIEF) 2025, a strategic investment fund was established for dual-use projects, aiming to bolster Russian technological sovereignty and foster an environment for innovation in both civilian and military sectors. This move aligns with Russia's broader economic strategy, focusing on technology and infrastructure sectors critical for national security and economic resilience, while also seeking to strengthen economic ties with partners worldwide. Thus, the fund significantly connects business, finance, politics, and general-news sectors.
