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LIVE UPDATES: Putin Takes Part in Eastern Economic Forum Plenary Session

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The 2026 Eastern Economic Forum kicked off in the Russian city of Vladivostok on September 1. The main theme of the four-day event is "The Far East – development for the benefit of people."

2026-09-03T05:53+0000

2026-09-03T07:44+0000

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LIVE UPDATES: Putin Takes Part in Eastern Economic Forum Plenary Session

05:53 GMT 03.09.2026 (Updated: 07:44 GMT 03.09.2026)

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The 2026 Eastern Economic Forum kicked off in the Russian city of Vladivostok on September 1. The main theme of the four-day event is "The Far East – development for the benefit of people."

Sputnik goes live as Russian President Vladimir Putin delivers a key speech at a plenary session of the 2026 Eastern Economic Forum in Vladivostok.

Presidential aide Yuri Ushakov earlier said that Putin will touch upon “very important” issues during his speech which will in particular focus on the well-being of residents of the Russian Far East.

The plenary session is attended by Indonesian President Prabowo Subianto, Mongolian Prime Minister Nyam-Osoryn Uchral, Myanmar's First Vice President U Nyo Saw, and Chinese Vice Premier Ding Xuexiang.

Follow Sputnik’s live feed to learn more.

Table of contents

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07:31 GMT 03.09.2026

Russian President Vladimir Putin and Indonesian President Prabowo Subianto at the plenary session of the Eastern Economic Forum (EEF) - Sputnik International, 1920, 03.09.2026

World

Indonesian President Invites Putin to Visit Indonesia

07:30 GMT

07:01 GMT 03.09.2026

Russia Has One of Lowest Level of Public Debt in World - Putin

The level of Russia's public debt is one of the lowest in the world, Russian President Vladimir Putin said on Thursday.

"There is a deficit, but it is not critical, if we keep in mind that we have one of the lowest public debt rates in the world, then there is nothing critical here," Putin said at the plenary session of the Eastern Economic Forum (EEF-2026).

Additionally, Putin said that investments in Russia recently declined, partly due to the authorities' deliberate policy aimed at suppressing inflation.

07:00 GMT 03.09.2026

Hyper-Surge in Inflation Threatened Russia, But We Did Not Allow It - Putin

There was a threat of a hyper-surge in inflation in Russia, but we did not allow it, Russian President Vladimir Putin said on Thursday.

"The goal [of the policy pursued by the Central Bank and the Russian government] is to suppress inflation. We could not allow any hyper‑surge, even though such a threat existed," Putin said at the plenary session of the Eastern Economic Forum (EEF-2026).

The main task now to create conditions for private investments, Putin added.

"Yes, there is a deficit [in the federal budget], but it is not critical. If we take into account that we have one of the lowest levels of public debt in the world, then there is nothing critical here," Putin said.

It is necessary to use budget funds rationally and set priorities, the president said.

"Currently, our annual inflation rate is 6.3%. The goal is being achieved. It is important not to overcooling the economy. We understand this perfectly," Putin added.

06:39 GMT 03.09.2026

"Almost all Russian Far Eastern regions are experiencing high economic activity. This is particularly noticeable in small and medium-sized businesses, which employ approximately a third of the working population. This is a good indicator," Putin said.

This result indicates that the Russian Far East is on the rise, entrepreneurs see prospects for development and expansion, and citizens understand that their knowledge and skills are in demand and can yield tangible results for the region, the country as a whole, and for individual citizens, he added.

06:36 GMT 03.09.2026

The Length of the Quantum Network in Russia Exceeds 7.800 Kilometers - Putin

06:34 GMT 03.09.2026

"New power generation facilities must be built in the Arctic zone, including small nuclear power plants that have no analogues anywhere in the world," Putin said.

Nuclear power plays an important role in the development of digital platform economy, he added.

06:32 GMT 03.09.2026

Russian Small Nuclear Power Plants are Unmatched Globally – Putin

06:30 GMT 03.09.2026

Unemployment in the Russian Far East has fallen fourfold – Putin

"Unemployment in the Russian Far East has fallen fourfold over the past few years. This year, it stands at 2.2%, the same as the national average. This unemployment rate is a record low for the region," Putin said.

06:25 GMT 03.09.2026

Russia to Continue to Develop Mining of Oil, Gas, Rare Earth Metals - Putin

Russia will continue to develop mining in the east and north of the country, including oil, gas and rare earth metals, Putin said.

"We will continue to develop mining in the east and north of the country, including oil, gas, coal, gold, and rare earth metals. Of course, we will use green technologies, as is already being implemented at a number of our enterprises," Putin pointed out.

06:20 GMT 03.09.2026

Oil, gas, and rare earth metals are key mineral extraction priorities in Russia’s east and north, Putin said.

06:16 GMT 03.09.2026

06:15 GMT 03.09.2026

The Asia-Pacific Region is a Powerful Growth Center - Putin

"Friends, I welcome the participants and guests of the 11th Eastern Economic Forum. This business event traditionally gathers business leaders, specialists, and experts from dozens of countries in the capital of Primorye. First of all, of course, from the Asia-Pacific region, which is a powerful center, a center of growth, sets the pace of development of the entire global economy," Putin said at the plenary session of the Eastern Economic Forum (EEF-2026).

Russia is an active participant in investment and trade cooperation in the Asia-Pacific region, the president said, adding that Russia cooperates on equal terms with partners from the region.

06:13 GMT 03.09.2026

06:12 GMT 03.09.2026

The Russian Far East's resource, industrial, and logistical capabilities have grown substantially - Putin

06:08 GMT 03.09.2026

"The Far East's gross regional product has more than tripled in 11 years. This is a very good pace," the Russian president stressed.

06:07 GMT 03.09.2026

The Far East has attracted approximately 25 trillion rubles in capital investment over the past 11 years - Putin.

06:04 GMT 03.09.2026

Russia cooperates on equal terms with partners from the Asia-Pacific region, he noted.

06:02 GMT 03.09.2026

Russia is active participant in investment and trade cooperation in the Asia-Pacific region, Putin said.