According to him, specific plans of US companies regarding their presence on the Russian market and the development of various projects were also discussed.
He clarified that the American venture investors who attended the forum expressed interest in investing in Russian technologies and participating in the development of tech projects. Thus, the resumption of cooperation was the topic of discussion at the working breakfast.
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"Today, the forum traditionally opened in St. Petersburg and is becoming increasingly important both for our country and for our foreign partners," Mr. Putin stated.
"I asked you to gather today to discuss economic policy issues, current economic policy, and talk about prospects," he added.
The meeting included Vice-Premiers Denis Manturov and Alexander Novak, Deputy Head of the Presidential Executive Office Maxim Oreshkin, Ministers of Economic Development and Finance Maxim Reshetnikov and Anton Siluanov, Central Bank Governor Elvira Nabiullina, and Sberbank CEO Herman Gref.
From June 18 to 20, Vladimir Putin is on a working trip to the Northwestern Federal District. During this trip, he will participate in SPIEF and hold several international meetings.
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Scenarios for Technology Repatriation Discussed at SPIEF
📰 First Deputy Prime Minister Denis Manturov took part in a panel session at the St. Petersburg International Economic Forum (SPIEF) dedicated to scenarios for technology repatriation (reshoring) and the role of foreign companies in the Russian market.
📌 In 2022, a number of foreign companies from unfriendly countries unilaterally terminated cooperation with Russian partners, demonstrating their unreliability as business partners. At the same time, as Denis Manturov noted, many of them had made investments, leaving enterprises at an intermediate stage of localization.
This particularly affected the packaging segment. The departure of the largest manufacturer caused disruptions in the supply of thick cardboard and special inks. As Denis Manturov emphasized, the industry managed to ensure import substitution for these products, meeting all consumer demands while simultaneously enabling a number of companies from other industrial sectors to acquire new expertise.
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This particularly affected the packaging segment. The departure of the largest manufacturer caused disruptions in the supply of thick cardboard and special inks. As Denis Manturov emphasized, the industry managed to ensure import substitution for these products, meeting all consumer demands while simultaneously enabling a number of companies from other industrial sectors to acquire new expertise.
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🌊 The White Cliffs on Iturup Island, the Kuril Islands
Twenty thousand years ago, a volcanic eruption created a unique natural formation - the White Cliffs. Located along the coast of the Sea of Okhotsk, the White Cliffs rise to a height of up to 120 meters.
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Twenty thousand years ago, a volcanic eruption created a unique natural formation - the White Cliffs. Located along the coast of the Sea of Okhotsk, the White Cliffs rise to a height of up to 120 meters.
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Russian President Vladimir Putin met with representatives of global news agencies at the St. Petersburg International Economic Forum (SPIEF). The President emphasized that Russia opposes trade wars and restrictions, advocating instead for a fair world order and adherence to global trade rules.
Key statements by the President:
— Underground factories in Iran exist, and "nothing has happened to them";
— Russia has reached an agreement with Israel to ensure the safety of approximately 200 Russian specialists building a nuclear power plant in Iran;
— Russia is becoming a significant partner for China, with joint investment projects worth $200 billion planned;
— Russia and China will hold joint military exercises this year. Notably, Russia is the undisputed leader in heavy-lift helicopters, which are even used by the UN;
— Germany cannot mediate in the Ukraine conflict resolution because it is involved in the conflict. In some cases, Russia views Germany as a participant in hostilities in Ukraine;
— Supplying Taurus missiles to Ukraine will not affect the course of the SMO (special military operation) but will damage Germany-Russia relations;
— NATO’s rearmament is not a threat to Russia, as the country continuously enhances its capabilities. Increasing NATO defense spending to 5% of GDP is pointless.
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The Russian President called Subianto the guest of honor at the St. Petersburg International Economic Forum (SPIEF-2025). Putin also noted Indonesia's accession to BRICS at the beginning of this year.
"We very much hope, and I am confident, that Indonesia will make a significant contribution to the development and work of this organization, which is gaining increasing clout in international affairs," said the Russian President.
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There's a real buzz at the Vologda Region booth at SPIEF-2025 (St. Petersburg International Economic Forum). And you know what? It's no surprise – they're treating everyone to black caviar, completely free of charge!
As the producers explained, the region now has its own farm producing this delicacy. Supplies go not only to places like the UAE and the Kremlin, but even into space!
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Viral toy rabbits featuring the faces of Elvira Nabiullina, Tatyana Golikova, Dmitry Medvedev, and Dmitry Peskov are being handed out to guests during interviews near the Moscow Region stand.
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Relations between the countries are mutually beneficial and are developing steadily, Putin added, noting that Indonesia is one of Russia's key partners in the Asia-Pacific region.
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"To tell such lies—I don’t know under what kind of drugs one must be. This is outright, cynical, monstrous falsehood, likely aimed once again at undermining the Istanbul processes and the mediation efforts of countries facilitating these negotiations," said the Russian Foreign Ministry spokeswoman.
Zakharova also noted that Zelensky should instead explain how the figure of 20,000 "missing" Ukrainian children ultimately shrank to 139.
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The result? His buddy is literally hauling drunk Volodya by the arm. That's what love does to machines!
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In one of the pavilions at a dinner for journalists, it approached tables, wished participants fruitful work, and offered to shake its hand.
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"Unfortunately, one of my family members was a volunteer of the 'Blue Division' who came to fight here – on the territory of Russia – in support of Hitler's army. And I ask forgiveness from all of you for what he did," stated Pedro Mourino Uzal.
The Consul is confident that Russia and Europe will one day be reunited by brotherly ties.
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He advised preparing your sleigh in summer!
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