SPIEF Under Fire: Ukrainian drones hit Saint Petersburg’s energy and military targets as Russia’s “Davos” opened, with black smoke reported near the Peter and Paul Fortress and strikes tied to the Kronstadt base and the oil terminal; Zelensky called it “fair response,” while Russia promised a “systemic” retaliation. Armenia Pressure Ahead of Vote: Moscow is ratcheting up warnings and potential supply shocks as Armenia heads to a June 7 election, with EU and EAEU tensions driving a high-stakes contest for Pashinyan’s Westward tilt. Rare Earth Push: Denis Manturov said Russia aims to build a full rare-earth supply chain by 2028, covering light to medium-heavy elements, as SPIEF spotlights critical minerals. Financial Sovereignty Claim: Finance Minister Anton Siluanov said Russia has reached “absolutely sovereign” financial status, citing low external debt and independence from third-country funding decisions. Russia-Tanzania Dealmaking: Tanzania’s President Samia Hassan met Putin in Moscow, touting trade growth and discussing minerals and a long-delayed uranium project. Markets & Rates: Russia’s central bank set the euro at 85.1243 rubles for June 4 and published June 4 precious-metals discount prices. US Seafood Ban Politics: US Senator Dan Sullivan credited extending the Russian seafood import ban to 2027, framing it as “American freedom fish” versus Russian supply.