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SPIEF 2026 - Sputnik International

LIVE UPDATES: St. Petersburg International Economic Forum Day 1

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The 29th St. Petersburg International Economic Forum will be held on June 3-6 under the theme "Pragmatic Dialogue: The Path to a Stable Future."
The main plenary session with Russia's President Vladimir Putin is scheduled for June 5. The agenda prioritizes joint ventures, national currency settlements, technological sovereignty, and investments across over 380 events.
The forum's program is structured around four key areas: the global economy with a focus on BRICS and multipolarity; the Russian economy; future-shaping technologies, including AI and digitalization; and the environment to live in, covering social entrepreneurship and cultural soft power.
Saudi Arabia is the guest country of honor, marking 100 years of diplomatic ties with Russia. Three Saudi ministers - Energy Minister Prince Abdulaziz bin Salman, as well as the ministers of industry and investment - and top business figures will discuss energy, investment, agriculture, transport, digital tech, and pharma.
Russia–US business dialogue is scheduled to resume following an extended pause, along with a parallel cultural session between the two countries.
Chinese Vice President Han Zheng will also participate in the forum, highlighting the deepening strategic and economic engagement between China and Russia against the backdrop of the forum’s emphasis on multipolarity and the Global South.
Follow Sputnik's live updates for more!
Table of contents
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17:40 GMT 03.06.2026
US Journalist Says Visit to Starobelsk Attack Site Helped Convey Truth About Kiev
US journalist Christopher Helali told RIA Novosti on Wednesday that his visit to the site of a Ukrainian deadly drone strike on a college in Starobelsk helped him convey the truth about Kiev's crimes to the Western audience.
"We were a few of us from the US that were there, specifically it was Rick Sanchez and myself, and it was very important to be there to show the truth and to bring that to the Western audience, which we did," Helali said on the sidelines of the 2026 St. Petersburg International Economic Forum (SPIEF).
He also stressed the importance of other US media outlets also visiting the site of the tragedy.
"I would bring US journalists to the Lugansk [Luhansk] People's Republic to show them evidence of the crime made by the Ukrainian regime against the college students in Starobelsk," Helali added.
During the night of May 21-22, Ukrainian forces attacked an academic building and a dormitory of the Starobelsk Professional College of Lugansk State Pedagogical University. Twenty-one people were killed and over 40 others wounded.
16:14 GMT 03.06.2026
Russia to Step Up Efforts to Ensure Global Food Security - Deputy Foreign Minister
Russia will step up its efforts to ensure global food security, Russian Deputy Foreign Minister Sergey Ryabkov said.
"As governments, we must do everything in our power to ensure food security in the broadest sense. On the Russian side, we will and are already working on this with full intensity and a sense of responsibility," Ryabkov said during a Russia-Brazil business dialogue at the 2026 St. Petersburg International Economic Forum (SPIEF).
David Laborde, director of the Agrifood Economics Division at the United Nations' Food and Agriculture Organization (FAO), warned in April that the world could see a food supply catastrophe if the blockade of the Strait of Hormuz continued.
In November 2025, Director of the FAO Liaison Office with Russia Oleg Kobiakov said that around 40 countries needed constant external food assistance.
16:13 GMT 03.06.2026
Russia, Brazil to Continue Building Independent Financial System – Senior Russian Diplomat
Russia and Brazil will continue their joint efforts to build a financial system free from external pressure, Russian Deputy Foreign Minister Sergey Ryabkov said.
"We will continue to work to create an independent financial architecture that is resilient to external challenges and serves as a guaranteed and reliable means of providing our entrepreneurs — and indeed all citizens of our countries — with essential goods and services," Ryabkov said during a Russia-Brazil business dialogue at the St. Petersburg International Economic Forum (SPIEF).
The Russian diplomat said he was convinced that Western protectionism and the removal of Brazil from the European Union's list of its animal product exporters undermined global economic development and widened the gap between rich and poor countries, as well as between the rich and the poor in those countries.
"We are committed to ensuring equal conditions for all participants in international trade," he added.
15:56 GMT 03.06.2026
15:52 GMT 03.06.2026
AI Taking over the world - Sputnik International, 1920, 03.06.2026
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15:15 GMT 03.06.2026
Russia, Brazil to Continue Building Independent Financial System – Senior Russian Diplomat
Russia and Brazil will continue their joint efforts to build a financial system free from external pressure, Russian Deputy Foreign Minister Sergey Ryabkov said.
"We will continue to work to create an independent financial architecture that is resilient to external challenges and serves as a guaranteed and reliable means of providing our entrepreneurs — and indeed all citizens of our countries — with essential goods and services," Ryabkov said during a Russia-Brazil business dialogue at the St. Petersburg International Economic Forum (SPIEF).
The Russian diplomat said he was convinced that Western protectionism and the removal of Brazil from the European Union's list of its animal product exporters undermined global economic development and widened the gap between rich and poor countries, as well as between the rich and the poor in those countries.
"We are committed to ensuring equal conditions for all participants in international trade," he added.
15:14 GMT 03.06.2026
Russian Deputy Foreign Minister Says Divided UN Works Against Russia
Many factors in the work of the divided United Nations run against Russia's interests, Russian Deputy Foreign Minister Alexander Alimov said.
"The UN today is more divided than ever. We in the UN, our country, the Russian Federation, truly operates in a divided organization, and much in this divided organization works against us," Alimov said at the St. Petersburg International Economic Forum (SPIEF).
Alimov spoke at the session entitled "The Organization of Disunited Nations? Russia's Future in International Collective Governance Institutions."
He said that UN Secretary-General Antonio Guterres was not living up to his position, but rather played the role of a "sophisticated courtier of his collective Western overlord."
15:13 GMT 03.06.2026
SPIEF 2026 - Sputnik International, 1920, 03.06.2026
World
Russia's Largest Bank Launches New Relief Program for Small Businesses
15:07 GMT 03.06.2026
Latin America is Priority for Russia's Energy Cooperation – Gazprom
Latin America is one of the priority foreign regions for cooperation in the energy sector, and Brazil is the most promising country in this regard, head of a department at Gazprom Yuri Dyachenko said during the St. Petersburg International Economic Forum (SPIEF).
"First and foremost, Latin America is one of our priority regions for cooperation. Brazil is one of the largest economies in Latin America. Therefore, it is the key country in the region for us and for most Russian businesses operating in Latin America," he stated.
Dyachenko noted that energy cooperation between Russia and Brazil is steadily developing and opening up new opportunities for expanding interaction.
Gazprom is ready to leverage its accumulated expertise to support the development of the energy market in Brazil and other Latin American countries, including by supplying technologies and equipment for the energy sector, he added
15:02 GMT 03.06.2026
Gazprom CEO, Gas Exporting Countries Forum Head Discuss Global Gas Market Trends - Company
Gazprom CEO Alexey Miller and Secretary General of the Gas Exporting Countries Forum (GECF) Philip Mshelbila discussed the current trends in the global gas market at the 2026 St. Petersburg International Economic Forum (SPIEF), the company said.
"Alexey Miller and Philip Mshelbila, Secretary General of the Gas Exporting Countries Forum (GECF), had a working meeting. The parties discussed current trends in the development of the global gas market," the statement said.
The official said that they believe that the global gas consumption will grow and will increase by a third by the middle of the century.
14:35 GMT 03.06.2026
SPIEF 2026 - Sputnik International, 1920, 03.06.2026
World
Russia Considers Keeping Tax Exemption for Small Businesses Unchanged
14:03 GMT 03.06.2026
13:56 GMT 03.06.2026
Photo Exhibition for Sovinformburo's 85th Anniversary Opens at SPIEF 2026 - Sputnik International, 1920, 03.06.2026
Russia
Photo Exhibition for Sovinformburo's 85th Anniversary Opens at SPIEF 2026
13:55 GMT 03.06.2026
SPIEF 2026 - Sputnik International, 1920, 03.06.2026
World
SPIEF 2026 Contributes to Global Economic Power Shift From West to East — Expert
13:15 GMT 03.06.2026
Work of SPIEF Going on as Usual, Despite Kiev's Attempts to Strike St. Petersburg- Kremlin
The work of the St. Petersburg International Economic Forum (SPIEF) is going on as usual, despite Kiev's attempts to strike at St. Petersburg, Kremlin spokesman Dmitry Peskov said.
Earlier in the day, the St. Petersburg governor's administration said that Ukraine attacked infrastructure facilities in several districts of the city using drones in the early hours of Wednesday, injuring several people.
"The work of the forum goes on as usual. The agenda is very rich, there are a lot of events, a lot of participants. Work is underway," Peskov told Life correspondent Alexander Yunashev, answering a question about whether strikes on St. Petersburg could affect the work of the SPIEF.
12:35 GMT 03.06.2026
11:49 GMT 03.06.2026
Zelensky's Letter to Trump About Air Defense Looks Theatrical - Russian Foreign Ministry
Volodymyr Zelensky's letter to US President Donald Trump about the lack of air defense looks theatrical, Russian Foreign Ministry spokeswoman Maria Zakharova said in an interview with RIA Novosti.
Last week, the Kyiv Independent newspaper reported that Zelensky had written a letter to Trump asking for additional air defense and missiles to address a growing ammunition shortage in the Ukrainian armed forces.
"This is a normal epistolary genre of international relations: to send an appropriate message, to send a request, to issue an invitation, an appeal. The question is that it is Zelensky who is doing all this for show. They say he is in correspondence not with anyone, but with the US president," Zakharova said, calling the letter a dummy for the Ukrainians.
11:25 GMT 03.06.2026
10:30 GMT 03.06.2026
US Plans to Increase Pressure on Russia - Russian Deputy Foreign Minister
US authorities are putting pressure on Russia and its partners and plan to increase it, and Moscow sees this, Russian Deputy Foreign Minister Aleksandr Pankin said.
"We see that their plans include increasing pressure on Russia — economic pressure, extraterritorial pressure — not only on Russia, but also on our partners," Pankin told reporters on the sidelines of the 2026 St. Petersburg International Economic Forum (SPIEF).
10:29 GMT 03.06.2026
Russia Receives No Serious Western Initiatives on Negotiations - Zakharova
Moscow has not received any serious proposals from the West on their candidacy of a negotiator with Russia, Russian Foreign Ministry spokeswoman Maria Zakharova said in an interview with RIA Novosti at the 2026 St. Petersburg International Economic Forum (SPIEF).
"At the moment, we have not seen anything serious in the form of any proposals, or at least something that could be considered as truly deserving of serious attention among these numerous statements, and, accordingly, we have not received anything," Zakharova said.
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