http://reports.weforum.org/global-competitiveness-report-2015-2016/economies/#economy=RUS
Performance Overview
The Russian Federation improves eight places to 45th, although this is explained mostly by a major revision of purchasing power parity estimates by the IMF, which led to a 40 percent increase in Russia’s GDP when valued at PPP.

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http://www3.weforum.org/docs/gcr/2015-2016/CAN.pdf
http://www3.weforum.org/docs/gcr/2015-2016/RUS.pdf

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http://www.weforum.org/history
The Forum is perhaps most widely known for its Annual Meeting in Davos-Klosters.