Throughout the week, Russia will be holding its annual St Petersburg International Economic Forum.
Vladimir Putin is due to speak at the summit tomorrow, but today some leaders from Russia's closest allies will meet to discuss a series of topics.
China's President Xi Jinping, India's Prime Minister Narendra Modi and the President of the United Arab Emirates Mohammed Bin Zayed Al Nahyan are among those attending.
The presidents of Bolivia
and Zimbabwe are due to appear alongside Putin at Friday's plenary session.
Already this morning, Russia's Central Bank governor Elvira Nabiullina told the forum Russia must be integrated in the global economy.
"Despite sanctions, we must be integrated in the global economy with those who are ready for it," Ms Nabiullina told a panel discussion.
We'll bring you the key updates from the event throughout the day.