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Russia offers world's cheapest energy for AI data centers, says envoy

Kirill Dmitriev, Special Representative of Russian President, mentioned at St. Petersburg International Economic Forum that Russia is capable of providing the most affordable energy for data centers worldwide. His remarks underscore Russia's goal to draw international attention to energy solutions, especially as nations seek progress in artificial intelligence. This comes on the heels of contracts totaling 6.642 trillion rubles being signed.

BRIC Team
BRIC Team
Jun 7, 2026 · 1 min read · 3 views
Russia offers world's cheapest energy for AI data centers, says envoy

Key Takeaways

  • Kirill Dmitriev claimed Russia can offer the world's most affordable energy, particularly for data centers, at the SPIEF held from June 3 to 6.
  • The SPIEF attracted delegates from 142 countries, showcasing Russia's global engagement in economic discussions.
  • Over 1,000 contracts were signed at the SPIEF, totaling 6.642 trillion rubles, equivalent to approximately $90.15 billion.
  • Dmitriev emphasized that Russia's energy capabilities could significantly impact global advancements in artificial intelligence.
  • The forum's theme, 'Pragmatic Dialogue: The Path to a Stable Future,' reflects Russia's focus on fostering economic cooperation.

Kirill Dmitriev, Special Representative of Russian President for Investment and Economic Cooperation,said Russia can offer world's cheapest energy,especially for data centers. At St. Petersburg International Economic Forum (SPIEF), he claimed this could draw global interest as nations push forward with AI.

"Besides China,this may be of interest to entire world," Dmitriev said,pointing to energy issues many countries face. He talked up Russia's chance to lead in this sector,hinting at a major role in global AI scene .

SPIEF, running June 3-6, centered on theme "Pragmatic Dialogue: The Path to a Stable Future." Anton Kobyakov,presidential adviser and SPIEF organizing committee's Executive Secretary, said forum brought in delegates from 142 countries. Over 1,000 contracts were signed,totaling 6.642 trillion rubles (around $90.15 billion).

SPIEF, set up by Roscongress Foundation, is where economic cooperation and investment opportunities are discussed,with TASS as official general information partner . Dmitriev's comments show Russia's push to be a big player in energy market for AI…

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