Putin’s Economic Rebellion: Inside the St. Petersburg International Forum Plot to Dismantle Western Power!

In recent days, we have witnessed the convening of the 28th St. Petersburg International Economic Forum (SPIEF) in Russia, themed "Shared Values: The Foundation for Growth in a Multipolar World," with the participation of over 2,100 attendees from 100 countries. Given the presence of Russian President Vladimir Putin, political leaders from various nations, and international investors and entrepreneurs, the significance of this forum as one of the world’s premier platforms for economic dialogue, negotiations, and diverse agreements on economic and geopolitical issues becomes evident.

However, a key point of discussion is the strategic use of this international economic forum by Vladimir Putin and the Kremlin. Amid the current complex global landscape—on the brink of a new, multipolar order emphasizing national economic sovereignty, independence from the West, and resistance to Western-dominated economic systems—this forum serves as a critical tool. Experts predict that such initiatives will foster multilateral and region-centric partnerships, accelerating the shift toward a new, multipolar economic framework.

From the Kremlin’s perspective, the St. Petersburg Forum is not just a symbol of Russia’s resilience against sanctions and external pressures but also a stage to showcase its independent economic policies and reduce reliance on the Western-dominated financial system. By hosting its 28th edition, Russia has actively expanded multilateral and regional partnerships, strengthening economic ties with Asian, African, and Latin American nations. In his address, Putin emphasized Russia’s commitment—alongside its BRICS partners—to building an equitable, discrimination-free international cooperation system, devoid of sanctions and threats.

We recall that during the Chinese President Xi Jinping’s visit to Russia and his meeting with Vladimir Putin, in May, both leaders took decisive steps to challenge U.S. hegemony and announce the creation of a "new world order." A central theme in their statements was the joint effort to counter America’s declining dominance. Now, the St. Petersburg Forum has become a platform to critique the dollar-dominated economic system and Western financial institutions under U.S. control.

Anton Kobyakov, Advisor to the Russian President and Executive Secretary of the Organizing Committee for the St. Petersburg International Economic Forum (SPIEF), pointed out that the modern world is undergoing a major transformation. He stated: "Not only is the geopolitical map changing, but the world's geoeconomic landscape is also in a state of constant flux. The structures of economic relations and domestic interactions are evolving as well—all while interstate alliances and unions are being reshaped under a new world order." "The St. Petersburg International Economic Forum is not just a platform for discussing these changes; it is a place where practical solutions are developed and shared to help nations and people navigate a rapidly shifting external environment—those who seek a fairer world and equal conditions for development.

Among the forum’s strategic achievements for Russia is enhanced economic resilience against crises. Putin leveraged this platform to highlight Russia’s progress in industrial self-sufficiency, indigenous technology, national currencies, and domestic market expansion. These strides position Russia as a key player in the emerging global order, with the forum serving as a stage to present Russia as an independent, reliable power.

As Russia intensifies economic ties with Asian, African, and Latin American nations under the forum’s umbrella, the growth of multilateral and Global South-oriented partnerships could end Western financial dominance, paving the way for a multipolar world and opening the gates to an economic order independent of the West.

*Translated by Ashraf Hemmati from the original Persian article written by Navid Daneshvar