Key facts
- Russia's annual investment forum is proceeding with international attendees.
- U.S. influencer Candace Owens and U.S. official Rodney Mims Cook Jr. are attending.
- German retail billionaire Thomas Bruch is also attending.
- The Russian economy is projected to grow by 0.4% this year.
- The war in Ukraine is a backdrop to the event.
- Former Hollywood actor Steven Seagal is expected to attend.
Russia's annual investment forum, often dubbed 'Russian Davos,' is proceeding amidst stalled economic growth and the ongoing war in Ukraine. The event has attracted a diverse group of international attendees, including U.S. social media influencer Candace Owens, U.S. Commission of Fine Arts Chairman Rodney Mims Cook Jr., German retail billionaire Thomas Bruch, former Hollywood actor Steven Seagal, and possibly internet personalities Andrew and Tristan Tate. These figures are reportedly drawn to Russia's "anti-wokery" stance and support for "traditional values." The Russian economy is forecast to grow by a mere 0.4% this year, a significant slowdown from previous years and far from its 2013 peak. Experts highlight a critical economic dilemma for Russia: either reduce military spending to foster growth or continue financing the war, which could lead to deeper economic contraction. The forum's theme is 'Pragmatic Dialogue: the Path to a Stable Future.'