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Russia’s Flagship Economic Forum Decouples From West

ST. PETERSBURG, RUSSIA—For years, President Vladimir Putin used an annual financial convention right here to champion Russia’s financial attraction to the world.

In 2010, then-French President Nicolas Sarkozy spoke alongside Dmitry Medvedev, Russia’s president on the time. Past attendees included Citigroup Inc.’s Vikram Pandit, JPMorgan Chase & Co.’s Jamie Dimon and Morgan Stanley’s John Mack.