The first International Youth Economic Forum will open in Russia's second largest city of St. Petersburg on June 15, uniting some 200 young businessmen from different states.

The organizers of the forum said the young businessmen, age between 18 and 30, will be mainly discussing new ways of developing international business relations under current economic conditions.

The other aim of the forum, the organizers added, is to involve the youth in the social, economic and political life of their countries and to determine future leaders.

The youth forum precedes the 14th International Economic Forum (PIEF) in St. Petersburg, which runs between June 17 and 19.

The slogan of this-year forum is "Laying the foundation for the future" and discussion will focus on the problems faced by emerging economies.

Some 600 journalists applied for this event's accreditation and organizers say over 1,000 hotel rooms were reserved for the eminent politicians and businessmen expected to attend the event.

MOSCOW, June 15 (RIA Novosti)