Russia Pushes Economic Sovereignty at SPIEF 2026

At the SPIEF 2026 forum, Russian officials including Siluanov and Novak announced plans to secure domestic rare earth production, declare financial sovereignty, and soon repay external debt. Novak also addressed an unprecedented crisis in the oil market and gas station prices. Russia additionally expressed readiness to help Azerbaijan move closer to the EAEU. These statements highlight a broader push for economic self-sufficiency and regional influence.