St Petersburg International Economic Forum 2026

The St Petersburg International Economic Forum (SPIEF), often called Russia’s “Davos,” opened on 2 February 2026, drawing a diverse international crowd including U.S. politicians, business leaders, and cultural figures. The forum’s theme centered on Russia’s economic strategy and promoting traditional values, reflecting the Kremlin’s anti‑wokery stance that has appealed to some U.S. conservatives.

One of the most publicized elements of the event was the presence of a U.S. delegation, led by Rodney Mims Cook, Jr., the chairman of the U.S. Commission of Fine Arts and the individual appointed by former President Donald Trump to oversee the White House ballroom renovation. Cook, described by the Kremlin as an official representative, was accompanied by Hollywood actor Steven Seagal, known for his close ties to the Russian government, and podcaster Candace Owens, who has built a sizable conservative following.

Although the forum has seen a decline in Western participation since Russia’s 2022 invasion of Ukraine, the Kremlin highlighted the lively turnout as a sign of renewed interest in Moscow’s business and cultural agenda. Attendees discussed potential economic cooperation and navigated the geopolitical tensions that exist between Russia and the United States, with many viewing the forum as a platform for challenging Western narratives.

In addition to business and policy talks, a cultural exchange segment showcased “Russia‑US: A Cultural Dialogue,” featuring Cook’s display of his “dacha” and Seagal’s participation, underscoring the Kremlin’s messaging that Russia remains open to dialogue for shared traditional values. However, concerns over political influence, especially around Russian backing of certain U.S. conservatives, prompted criticism from some U.S. political figures, reflecting continuing tensions surrounding the broader U.S.–Russia relationship.

Through the closing of the forum, the message that Russia remains a serious candidate for international economic engagement was reiterated, but the event also highlighted the divisions that still exist on the strategic level.