A worker uses high-pressure water to clean St. Petersburg's Admiralty (RFE/RL)
Workers on July 13 were hosing down the elegant white columns of the Admiralty, built by Peter the Great and among the oldest buildings in the city.
Like hundreds of other buildings, the Admiralty has been given a face-lift ahead of the summit. The city's main avenues have been freshly asphalted; the fountains that dot the city center have been scrubbed clean; and parks have been livened up with cheerful flowers.
President Putin's Hometown
St. Petersburg's baroque palaces and elegant canals will provide a grandiose backdrop, but this is not the only reason why the summit is being held here. Russian President Vladimir Putin, himself a native of the city, has long wanted to restore the tsarist capital to its former glory.
By inviting G8 leaders to a city founded by Peter the Great 300 years ago as Russia's "window on Europe," Putin is trying to signal that Russia is an ambitious, open, and outward-looking country that is ready to take its place among the world's leaders.
"St. Petersburg is not only a window on Europe, as Peter the Great wanted," Russian Finance Minister Aleksei Kudrin declared at a recent meeting of G8 finance ministers in the city. "It is also, without exaggeration, a window on the whole world."
Putin could have chosen Moscow for the summit -- land-locked Moscow with its face half-turned to Asia and still deeply suspicious of the West -- but chose instead the city that was built expressly to open Russia to the outside world. There is much symbolism here, as there is in the choice of emblem for the summit: St Petersburg's statue of Peter the Great mounted on a rearing horse, his arm extended toward the west.
Venice Of The North
Many city residents welcome Putin's drive to revive the prestige of the city dubbed the "Venice of the North."
St. Petersburg's Fontanka Canal (RFE/RL)
While today Russia's foreign community is concentrated in Moscow, St. Petersburg was once the country's most cosmopolitan city.
Peter the Great invited so many European specialists to build his new capital on the swamps of the Baltic coast that by the end of the 18th century, foreigners made up one-third of the city's population.
With the decision to move the capital back to Moscow after the 1917 Bolshevik revolution, St Petersburg became Leningrad and fell into melancholy neglect.
Looking For Investment
The idea of turning St. Petersburg into a venue for high-profile gatherings like the G8 summit or the recent international economic forum finds many supporters, who see such events as a way of drawing investment.
Fyodor Gavrilov, the editor in chief of the popular news magazine "Expert" in St. Petersburg, points to the potholes that line the street in which he lives, just off the Fontaka canal in the historical heart of St. Petersburg.
Thanks to such high-profile events, Gavrilov says, cash is being pumped into the city for much-needed repairs.
"In Russia, such events always attract investments in the industry and the infrastructure," Gavrilov argues. "St. Petersburg is a very big city. It's the most northern megapolis in the world. The climate is very harsh, and the infrastructure is badly rundown because it hasn't been taken care of for several decades. It's obvious that something has to be done. Otherwise, the city will just collapse."
St. Petersburg Governor Valentina Matviyenko (right) with Lyudmila Putina in St. Petersburg in May (epa)
Traffic Jams
There are also grumbles about the disruption caused by large-scale events, in particular traffic jams.
"The streets are narrow, which creates traffic problems," says 32-year-old Zhanna, who runs a local retail outlet. "Traffic problems arise every time a forum or a summit takes place in St. Petersburg. When the economic forum was held on the Vassilievsky Island, I was stuck in a traffic jam for over an hour. Many of my friends are leaving the city and suspending their activities during the summit, because they understand perfectly that companies won't be able to function normally."
One suspects though that most will forgive Putin the temporary inconvenience of closed streets and traffic jams -- just so long as the high-profile summitry translates into long-term economic recovery.
And there are some signs that this is happening. After a decade of post-Soviet stagnation, investment is growing fast. After slumbering for over a century in Moscow's continental shadow, St Petersburg is stirring into life.
MORE: Follow the events of the G8 summit in Russian at the site of RFE/RL's Russian Service.