Sales represent Oil Russian gas accounts for about a third of the total state budget revenues and plays a crucial role in supporting Russian economy who faces multiple sanctions from the West over the military conflict with Ukraine.
Speaking at the Russian Energy Week forum, Putin praised cooperation with the BRICS group of countries, which Moscow sees as a counterweight to the West, adding that Russia would continue to cooperate with oil producers in an alliance. OPEC+.
“Russia fulfills its obligations to provide energy supplies to the world market. It plays a role in stabilizing this market by participating in reliable groups such as OPEC+ and the Gas Exporting Countries Forum,” Putin said.
“We will certainly continue this cooperation with our partners,” he added.
Putin also acknowledged difficulties in payments related to Russian energy exports, 90 percent of which come from “friendly” countries that have not imposed sanctions on Russia.
He said the government must renew the country’s energy strategy over the next few months to meet the challenges.
