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Russian billionaires are flocking to the St. Petersburg Economic Forum this week as they weigh the market fallout from President Vladimir Putin's standoff with the U.S. and Europe over Ukraine.The White House is lobbying Western business leaders to skip the forum, even as more Russian billionaires plan to attend than last year.Russia's dollar notes increased 0.7 percent since Putin's Crimea incursion on March 1, the worst performer among 56 nations in the Bloomberg USD Emerging Market Sovereign Bond Index, which gained 4.8 percent in the period.Thirty-two Russian billionaires are scheduled to visit the forum – two more than last year – and big names from the U.S. are missing after White House officials called on the country's top corporate leaders to pull out as the Ukraine crisis deepened. Alexander Lebedev, 54, a former billionaire who owns Russia's National Reserve Corp., plans to swing by the conference for meetings with business partners, he said by phone on May 13 .
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