St. Petersburg International Economic Forum and exhibitions, became the new SPIEF venue. The Forum was held on June 8–10, 2007. The Forum was a cooperation between two venues – the St. Petersburg International Economic Forum and the World Economic Forum in Davos. It was commemorated by the signing of a Memorandum of Understanding between the Russian Ministry of Economic Development and the Trade and the World Economic Forum. SPIEF was attended by more than 8,000 people and delegations from 76 countries, including 9 heads of state, 3 prime ministers, representatives of 340 foreign businesses from 65 countries, 37 representatives of the Federation Council of the
Yalta International Economic Forum forum is attended by Russian government officials, international experts, Russian business people and economists, as well as representatives of business organisations and other thinkers. One theme of the forums discussions, is the focus on diversification from Energy and boosting competitiveness of the Russian economy. In August 2015 the Yalta International Economic Forum Foundation was established by the Ministry of Justice in the Republic of Crimea, with assistance by the Council of Ministers of the Republic along with support by the Russian Presidential Administration. The first forum was held in 2015, which was considered a success by participants and the Foundation,