During the St. Petersburg International Economic Forum (SPIEF-2026), Kirill Dmitriev, the Special Representative of the Russian President for Investment and Economic Cooperation, asserted that Russia can provide the world’s cheapest energy, especially beneficial for data centers crucial for artificial intelligence (AI) development. Dmitriev noted that as nations worldwide strive to advance AI technologies, they face significant energy limitations, making Russia's affordable energy supply particularly appealing. The SPIEF, held from June 3 to 6, attracted delegates from 142 countries, resulting in over 1,000 contracts valued at approximately 6.642 trillion rubles, or $90.15 billion. The forum's theme, 'Pragmatic Dialogue: The Path to a Stable Future,' underscores Russia's intention to leverage its energy resources to become a key player in the global AI landscape. Dmitriev's comments suggest that Russia is positioning itself as a leader in this sector, aiming to attract international interest and investment in its energy capabilities to support the growing global demand for AI.