Most attendees hail from the ex-Soviet states, Africa, Cuba, and the UAE, per the Moscow Times.
But it's still charging foreign participants over $25,000 to attend, which appears to baffle even the forum's own organizers.
"The main problem for the 2023 organizers is to scrape together participants," a forum organizer told The Moscow Times on Thursday.
"Although it serves no real purpose, this forum will never be abandoned," a manager at another major Russian state-owned company told The Moscow Times.
Organizers of the St. Petersburg International Economic Forum did not immediately respond to a request for comment from Insider sent outside regular business hours.
Persons:
—, Emmanuel Macron, Angela Merkel, Vladimir Putin's
Organizations:
UAE, Moscow Times, Service, St ., Economic, United Arab Emirates, The Moscow Times
Locations:
Davos, Africa, Cuba, Moscow, St, St . Petersburg, Ukraine, Swiss, Russian, Europe, Petersburg