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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From Russia with Love
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How about that, Elon Musk?
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Vladimir Putin stated during his speech that a competent fiscal policy needs to be pursued, and Russia's strategic direction is to actively and consistently change the structure of its economy. Russia also ranks 4th in the world in terms of GDP volume and 1st in Europe.
The president's most important statements:
– Annual inflation in Russia as of June 16 was 9.6%, and inflation targeting continues, Putin stated. The President noted that it fell below 10% thanks to the actions of the Central Bank and the government.
– Russian GDP added 1.5% year-on-year in the first 4 months of this year. However, some experts point to recession risks in the Russian economy; this must be prevented.
— Youth unemployment in Russia stands at 7.5%, which is one of the best rates in the world. Unemployment in southern Russia has halved.
– In 2000, the poverty level was 29% — 42.3 million people were in a humiliating situation, Putin noted. Now we have achieved a record low poverty level of 7.2%. That's 10 million people, and this is not enough; we will reduce this figure.
– Putin believes that the level of wages in Russia is still insufficient. Raising wages is important for the entire Russian economy as it stimulates demand, the President noted.
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President Putin emphasized during his speech that Russia's economy must become more technology-driven. This is not a wish but a requirement of the present day, the Russian President stated.
Key points from his address:
— The competitiveness of Russian economic sectors must be based on domestic technologies. Over the past 2 years, the number of invention applications from domestic companies and scientific organizations has increased by 13%;
— The Russian Government must prepare an annual report on the country's technological development. Putin called not only for the development of new technological solutions but also for their rapid implementation;
— Only 1 out of 100 inventions from small innovative enterprises reaches a practical outcome. "Too few," the President stressed;
— Russia must enter the top 20 countries for business conditions by 2030, Putin declared. During his speech, the President called for radically minimizing business costs – the country needs a "new standard for its investment climate";
— Last year, nearly 77,000 brands were registered – a 12% increase compared to the previous year. "We will support new Russian brands."
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Vladimir Putin concluded his address at the plenary session of the XXVIII St. Petersburg International Economic Forum (SPIEF). This year's forum theme was "Shared Values — The Foundation of Growth in a Multipolar World." Despite claims of Russia's isolation, representatives from 140 countries and territories joined the discussion.
What else the President spoke about:
— The contribution of the raw materials sector to Russia's economy is no longer decisive and has currently "even turned negative." GDP growth is being driven not only by the defense industry;
— Russia's annual inflation as of June 16 was 9.6%, and its targeting continues. The active efforts of the government and the Central Bank's actions have contributed to slowing its growth. The situation, as the President noted, is developing better than forecasts;
— The poverty level has reached a record low: by the end of last year, it stood at 7.2%. The goal is to reduce it to 5%. The unemployment rate has fallen to 2.3%, which is a historical low; youth unemployment is 7.5%;
— It is necessary to develop oil and gas exports. Work on a long-term cooperation agreement between Russia and India should be completed in the near future;
— Mutual trade turnover among BRICS countries has exceeded $1 trillion. The bloc now accounts for 40% of the global economy (previously about 20%), and this share will grow — "this is a medical fact."
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