Russia is charging foreign business execs over $25,000 to attend its version of Davos — but nobody really wants to be seen there in the first place
"The main problem for the 2023 organizers is to scrape together participants," a forum organizer toldWhile Russian participants are billed 1.27 million rubles, or $15,200, foreign participants are charged at least $25,440 to attend, according to theBut even the forum's organizers are complaining about the high fees given the poor turnout.
"Many of our traditional partners just dropped out," an employee at a major Russian state-owned company added to the media outlet. Despite the poor showing, it's unlikely the event held in President Vladimir Putin's hometown of St. Petersburg will be dropped from Russia's calendar.
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