Here’s a detailed article based on the JETRO news about Putin’s speech at the St. Petersburg International Economic Forum, presented in an easy-to-understand manner:
Russia’s Economic Confidence on Display: Putin Highlights Domestic Strength at St. Petersburg Forum
St. Petersburg, Russia – June 26, 2025 – Russian President Vladimir Putin used the prominent St. Petersburg International Economic Forum (SPIEF) to project an image of a robust and resilient domestic economy, emphasizing its ability to withstand external pressures and achieve growth. Speaking at the forum on June 26th, 2025, Putin aimed to reassure both domestic and international audiences of Russia’s economic stability and future prospects.
The St. Petersburg International Economic Forum is a major annual event for Russia, often described as its “Davos.” It serves as a platform for high-level discussions on economic development, investment, and global cooperation, attracting business leaders, politicians, and experts from around the world. However, in recent years, its international participation has been significantly impacted by global geopolitical events and sanctions.
Key Messages from President Putin:
President Putin’s address was reportedly focused on showcasing the positive trajectory of the Russian economy despite ongoing international challenges. While specific details of his speech require further in-depth reporting, the headline from the Japan External Trade Organization (JETRO) – “St. Petersburg International Economic Forum, President Putin appeals for strong domestic economy” – strongly suggests his main message was one of economic resilience and growth.
Based on typical themes President Putin addresses at such events and the current global economic climate, it’s likely his speech touched upon several key areas:
- Economic Growth and Recovery: Putin would have likely presented data or projections indicating positive GDP growth, perhaps attributing it to the government’s economic policies and the adaptability of Russian businesses. He might have highlighted sectors that are performing particularly well.
- Overcoming Sanctions: A central theme for Russia has been its ability to navigate and even thrive under Western sanctions. Putin would have likely reiterated this point, showcasing how the country has diversified its trade partners, developed import substitution, and strengthened its financial system independently.
- Investment and Development: The forum is a crucial venue for attracting investment. Putin would have likely spoken about investment opportunities in Russia, particularly in sectors identified as strategic for national development, such as infrastructure, technology, and resource-based industries. He might have also emphasized the government’s commitment to creating a favorable investment climate.
- Global Economic Order: Putin may have also used the platform to critique the current global economic order and advocate for a more multipolar system, where economic power is more distributed and less influenced by a few dominant players.
Context and Significance:
The St. Petersburg International Economic Forum has traditionally been a key event for Russia to engage with the global business community and attract foreign direct investment. However, since 2022, the forum’s international participation has been significantly altered due to the ongoing conflict in Ukraine and the subsequent imposition of extensive sanctions by Western countries.
Despite these challenges, Russia has continued to hold the forum, often highlighting participation from countries that have not joined the sanctions against it, particularly from Asia, Africa, and Latin America. President Putin’s presence and his strong appeal regarding the domestic economy are therefore significant for several reasons:
- Domestic Audience: His message is crucial for reassuring the Russian public and businesses that the economy is on a stable footing and that government policies are effective.
- International (Non-Western) Audience: It’s an opportunity to attract investment and strengthen economic ties with countries that are open to doing business with Russia.
- Projecting Strength: By emphasizing economic strength, Putin aims to project an image of national resilience and counter negative narratives about Russia’s economic isolation.
What to Watch For:
While the JETRO headline provides a clear indication of Putin’s core message, a deeper understanding of the specific economic indicators and policy proposals he presented would require a detailed review of his full speech. However, the focus on a “strong domestic economy” suggests that the Russian government is confident in its ability to manage its economic affairs independently and is actively seeking to leverage its internal strengths for continued development. The success of these efforts, and how they are perceived by the global business community, will continue to be a key factor in Russia’s economic future.
サンクトペテルブルク国際経済フォーラム、プーチン大統領は好調な国内経済アピール
The AI has delivered the news.
The following question was used to generate the response from Google Gemini:
At 2025-06-26 05:35, ‘サンクトペテルブルク国際経済フォーラム、プーチン大統領は好調な国内経済アピール’ was published according to 日本貿易振興機構. Please write a detailed article with related information in an easy-to-understand manner. Please answer in English.