At the St. Petersburg International Economic Forum (SPIEF 2025), it was announced that Russia's crypto assets would significantly exceed 2 trillion rubles by 2025.
Crypto Assets and Mining in Russia
According to Vasily Girya, CEO of GIS Mining, by 2025, Russia's crypto assets have surpassed 2 trillion rubles, equivalent to over $25.4 billion. Russian companies are placing large mining orders, directing capital into the crypto infrastructure, indicating an active development of large-scale mining setups.
Themes of SPIEF 2025
The SPIEF 2025 was held from June 18 to 21 in St. Petersburg. This year's theme was 'Shared Values: The Foundation of Growth in a Multipolar World,' aimed at promoting Russia’s global narrative. The forum held sessions dedicated to small and medium enterprises, creative industries, and youth initiatives.
Statements by Putin and Zakharova
During one of the headline sessions, President Putin noted that Russia’s economy continues to grow despite sanctions, placing the country fourth globally in GDP. He expressed concern about rising global conflict, citing Ukraine and the Middle East. Mary Zakharova, spokeswoman for the Foreign Ministry, indicated that the goal of Western economic aggression extends beyond Russia to European Union countries.
The SPIEF 2025 highlighted key topics related to Russia's economic development and the state of global conflicts. The increase in investments in the crypto industry underscores the sector's importance for the country's economy.
