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SPIEF 2026 Ends With Big Deals as Russia Pushes Energy Leverage and Political Outreach

The forum signals Russia's push to deepen ties with non-Western partners through energy deals to present itself as a stabilizer in global oil markets.

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Anton Kobyakov, Adviser to the President of the Russian Federation and Executive Secretary of the SPIEF Organising Committee, said more than 24,500 participants attended the event.
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Overview

  • SPIEF concluded on June 6 with organisers reporting about 6.64 trillion rubles in contracts, a turnout of thousands of delegates and more than 1,000 signed agreements.
  • President Vladimir Putin used the forum to defend Iran's right to a peaceful nuclear programme and to deny that Russia supplied weapons to Tehran during the recent tensions.
  • Rosneft chief Igor Sechin warned that cuts in Russian oil exports would create greater disruption for global markets than the Strait of Hormuz closures and highlighted India as the main driver of future oil demand.
  • An industry proposal presented at SPIEF urges oil companies to send 30% of production to domestic refineries, and the Energy Ministry signalled support for measures to stabilise the home fuel market.
  • RDIF head Kirill Dmitriev pitched Russia's low-cost power as a draw for global data centres and AI investment, and organisers noted an official U.S. delegation attended for the first time in about a decade.