Thousands of business executives are in the Russian city of St Petersburg with the government hoping the annual economic forum there can be a show of strength in the face of western sanctions over Ukraine.
Leaders from the oil industry have turned out in large numbers with Russian oil and gas reserves now estimated to have jumped above 100 billion barrels for the first time.
But as well as positivity from the oil sector, Russian President Vladimir Putin hopes also to play up Moscow's attempts to boost trade ties with Asia and other emerging markets.
Julia Lyubova reports from the St Petersburg economic forum.
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