ST. PETERSBURG, June 5. /TASS/. The race for sovereignty has not only unfolded but is gaining momentum, Russian President Vladimir Putin said at the plenary session of the St. Petersburg International Economic Forum (SPIEF-2026).
He stressed that Russia’s sovereign debt level stands at 16.4% of GDP, which is significantly lower than in the eurozone.
The Russian leader also noted that the West has lost interest in trade rules when it started losing in competition.
TASS compiled key statements from the head of state.
Importance of sovereignty
