SPIEF LIVE UPDATES: Neocolonialism Must End, We Need New Model of Development - Putin

"Despite the complexity of the situation around Iran, we have built a nuclear reactor in Iran, in Bushehr. We have signed a contract for the construction of two more nuclear reactors. And despite the complexity of the situation, despite the certain danger, we continue this work," Putin said at the plenary session of the St. Petersburg International Economic Forum (SPIEF).

"Private investment is what we need, something without which the Russian economy is unlikely to be able to develop effectively, and this fully applies to foreign investment," Putin told the plenary session of the 2025 St. Petersburg International Economic Forum (SPIEF).

"In the Ukrainian situation, we, I think two years ago, two years ago we proposed immediate ceasefire in place, and I think at that time the reaction from the Russian side was quite open, was quite positive in fact, but the reaction from the Western governments, I have to be fair, not all the Western governments, but many Western media vigorously attacked my proposal," the Indonesian president said at a plenary session of the St. Petersburg International Economic Forum (SPIEF).

"I would like to draw your attention to the fact that almost two million people from the former Soviet Union and Russia live in Israel. It is almost a Russian-speaking country today. And, of course, we have always taken this factor into account in modern Russian history," Putin told the plenary session of the 2025 St. Petersburg International Economic Forum (SPIEF).

"Russia and China are forming a new world. We are not breaking anything. That's the whole problem. We are not creating difficulties for anyone. The vice premier of the State Council (of China Ding Xuexiang) said, our friendship, our relations, are not directed against anyone. This is true, this is how it is," Putin said at the plenary session of the 2025 St. Petersburg International Economic Forum (SPIEF).

"They do not have enough personnel as it is. And now we are forced to create a security zone along the borders in many areas, and they are diverting their armed forces there, which are already lacking in the main areas of the combat interactions," Putin told the plenary session of the 2025 St. Petersburg International Economic Forum (SPIEF), adding that Ukraine is losing combat readiness with its army staffed at only 47%.

"Many countries in the region have somewhat complicated and somewhat stable relations with both sides. Both with Israel and Iran. And this gives reason to believe, think and hope that the Global South in general and the countries of the region in particular can influence this process so that the acute phase of the conflict ends," Putin said at the plenary session of the 2025 St. Petersburg International Economic Forum (SPIEF).

"First of all, we strive to ensure that the development of the world is balanced, that this development meets the interests of as many countries as possible, and that a multipolar world order is formed, in which participants of international communication would agree among themselves, develop tools that would allow them to find solutions even in very difficult conditions, but such solutions that would benefit everyone, not individual groups, individual associations, either military or economic blocs," Putin said at a plenary session of the the 2025 St. Petersburg International Economic Forum (SPIEF).

"This forum combines and gathers leaders from the West, the Group of South, the East, and where Eurasia meets. Indonesia views this summit as an opportunity ... to make deals in an increasingly complicated geopolitical situation," Prabowo Subianto said at the SPIEF plenary session.