Drones Hit St. Petersburg as Putin's Annual Economic Forum Opens
Ukrainian drones struck St. Petersburg just before the opening of President Vladimir Putin's annual economic forum. The event, aimed at attracting foreign investment, is overshadowed by ongoing economic struggles and the impact of the war. As smoke billowed from the oil terminal hit by the drones, thousands of international delegates arrived for the conference.
- ▪Ukrainian drones attacked an oil site in St. Petersburg hours before Putin's economic forum.
- ▪The St. Petersburg International Economic Forum aims to discuss strategies for economic growth amid war-related challenges.
- ▪Putin's government is facing difficulties in maintaining economic stability as drone strikes have severely impacted oil refinery capacity.
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Drones Hit St. Petersburg as Putin's Annual Economic Forum Opens John Sexton 3:20 PM | June 03, 2026 Vyacheslav Prokofyev, Sputnik, Kremlin Pool Photo via AP News outlets are calling the event "Putin's Davos." Essentially it's an annual economic investment conference where Russia hopes to lure in foreign investors and, if possible, sign some big international deals. It's also a place for Russian bigwigs to strategize how to get the economy to recover at a time when it seems to be sliding toward a recession. Advertisement googletag.cmd.push(function () { googletag.display("div-gpt-300x250_4"); //googletag.pubads().refresh([gptAdSlot["div-gpt-300x250_4"]]) }); Russian President Vladimir Putin will host his fifth wartime economic conference in St.
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