Moscow-sponsored international economic forum to open in Vladivostok

A Moscow-sponsored international economic forum is set to open in Russia's Far East on Monday amid tough Western sanctions against the country over the invasion of Ukraine.

The seventh Eastern Economic Forum in Vladivostok is reportedly expected to attract participants from more than 60 countries and territories. They will include business representatives and government officials. Russian President Vladimir Putin will also attend.

The main theme of this year's four-day forum is "On the Path to a Multipolar World." Russian officials are expected to use the gathering to discuss how to boost economic ties with member countries of the Shanghai Cooperation Organisation, which is led by China and Russia, and the Association of Southeast Asian Nations.

Putin sent a message of greetings to the forum last week saying, "The obsolete unipolar model is being replaced by a new world order."

The text also indicated that he is attaching importance to relations with countries in the Asia-Pacific region, particularly China.

Analysts say Putin's administration will underscore close ties with China and other countries through the forum to show that Russia is not isolated in the international arena despite the Western sanctions.