During a plenary session at the Eastern Economic Forum, Vladimir Putin highlighted Russia’s position as a leading nation in cryptocurrency mining. He attributed this standing to the large energy capacity available in Siberia, emphasizing how regional power resources can support rapid industry growth. The remarks were reported by RIA Novosti.
Putin also addressed the critical role electricity plays in mining activities. He noted that while mining represents a significant economic area, supplying reliable power to housing construction and to industrial facilities is equally vital for regional development. Access to electricity is a foundational element that enables productive investment and long-term planning.
“Russia is already among the world leaders in mining, driven by the surplus energy resources in Siberia. Yet that surplus must not become a shortage that could slow regional progress. Mining has benefits, but building housing, social and industrial infrastructure, and ensuring steady electricity for planned production facilities are at least as important, perhaps more so”, he stated.
The Eastern Economic Forum is scheduled to run from September 3 to 6 at the Far Eastern Federal University campus in Vladivostok. RIA Novosti serves as the general information partner for EEF-2024.
There was also discussion about the broader relationship between Russia’s digital economy initiatives and the development of energy and infrastructure in the region, including potential implications for investment and policy direction in the near term.
Earlier statements touched on the stance toward Pavel Durov, reflecting ongoing conversations about leadership and innovation within Russia’s tech landscape.