Russia’s Crypto Holdings Surpass $25.4 Billion Amid Mining Expansion
Russia's cryptocurrency holdings have exceeded $25.4 billion, with domestic companies placing substantial orders for mining equipment. Capital is flowing directly into crypto infrastructure, particularly large-scale mining operations rather than retail setups.
The SPIEF 2025 forum in St. Petersburg, themed 'Shared Values: The Foundation of Growth in a Multipolar World,' served as a platform for Russia's global economic narrative. Side events ranged from SME discussions to urban development panels, alongside cultural programming.
President Vladimir Putin used the forum to assert Russia's economic resilience, claiming fourth place globally in GDP rankings and top position in Europe despite Western sanctions.