ST. PETERSBURG, June 20. /TASS/. The government continues to work on the terms for the return of foreign companies to the Russian market, it is important to find a "golden mean," Russian Finance Minister Anton Siluanov told reporters on the sidelines of the SPIEF.

"It is in the works. We are still figuring it out. It is important not to overdo it, not to impose a ban, because after all, this is a market, a place for competition. If we are locked within our own producers, this will not increase the efficiency of these producers. We need foreigners from the point of view of good competition, on the one hand. On the other hand - it is different logic, indeed - not to harm our companies that have invested and spent money. Foreign producers come with finished products and begin to push out our own who have already invested. Here we need to find this golden mean," Siluanov said.

About the forum

The St. Petersburg International Economic Forum (SPIEF) is taking place on June 18-21. This year, the event is held under the theme "Shared Values: The Foundation of Growth in a Multipolar World." Thematic zones such as the ‘Territory of Innovation’ and the national brand space ‘Buy Russian!’ will operate at the Forum.

The program includes the SME Forum, the Creative Industries Forum, the Day of the Future International Youth Economic Forum, the Drug Security Forum, and the Roscongress Urban Hub discussion platform. As part of the cultural program, the Petersburg Seasons festival will be held, and the SPIEF Sports Games will take place.

The Roscongress Foundation is the organizer of the St. Petersburg International Economic Forum. TASS is its information partner.