The Eastern Economic Forum starts today, which will be held for the ninth time on Russian Island in Vladivostok. The main topic of the forum is «The Far East-2030. Let's join forces, creating opportunities.» The event will be attended by more than 6,000 people from 76 countries and territories, and about 100 business events are planned. Yesterday, the Russian market experienced the strongest drop since the autumn of 2022 — more than 4%. Companies are showing strong reports, and the prospects for a high bid have not previously led to such sales. What is happening is starting to look like a panic, analysts say. It is possible that the correction may continue. The United States is preparing new sanctions against Venezuela in response to the results of the recent presidential elections, in which Nicolas Maduro was re-elected president. The American side considers him an illegitimate head of state, and sanctions may affect about a dozen and a half officials. Elon Musk intends to seek the seizure of Brazilian state assets in the United States if the country's government does not return the property belonging to his company «X». The Brazilian authorities suspended the work of «X» in the country due to the lack of a representative office of the company and blocked local bank accounts, effectively confiscating Musk's assets. The Chinese car industry continues to strengthen its position in the Russian market – Chery has become the largest foreign company in Russia. By the end of 2023, Chery took the first place in the ranking of foreign companies in terms of income compiled by Forbes, earning 590.3 billion rubles in Russia. The second place was taken by the Japanese tobacco company JT Group, and the third place went to Philip Morris.
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