April 15, 2022
1 min read

Putin sets eyes on South as West snubs Russian oil

Putin instructed the government to boost the development of deep processing of oil and gas as quickly as possible….reports Asian Lite News

Russian President Vladimir Putin underscored the importance of diversifying energy exports as supplies in the western direction will be reduced in the foreseeable future.

“Therefore, it is important to consolidate the trend of recent years: step by step, reorient our exports to the fast-growing markets of the south and east,” Putin said at a government meeting through a video link on the current situation in Russia’s oil and gas sector.

“To do this, in the near future it is necessary to identify key infrastructure facilities and begin their construction,” he added.

Meanwhile, Putin ordered to increase supplies of energy to Russian consumers, adding that price reductions are possible in order to stimulate domestic demand, Xinhua news agency reported.

He also instructed the government to boost the development of deep processing of oil and gas as quickly as possible.

Russia has demanded “unfriendly countries” buy its natural gas with rubles, but many of them have expressed opposition.

At the government meeting, Putin noted there are failures in the payments for Russian energy, and that banks from the “most unfriendly countries” are delaying the transfer of payments.

ALSO READ: Ukraine claims its missiles damaged Russian warship

Previous Story

Global Covid caseload tops 502.8 mn

Next Story

We must remain ever vigilant against divisiveness, says CJI  

Latest from -Top News

Oman Breaks Gulf Taboo on Income Tax

There is no other country in the 6-member Gulf Cooperation Council that imposes income tax….reports Asian Lite News Oman has officially become the first Gulf country to introduce a personal income tax,

Fresh Israeli Raids Hit Iran

The strikes came shortly after Iran fired a missile at Israel before dawn and triggered air raid sirens across much of the country….reports Asian Lite News Israel conducted a new wave of

Awami League Blasts Yunus ‘Propaganda’

Sheikh Hasina’s party slammed Ordinance No. 30, 2025, calling state recognition of the event an attempt to legitimise an “unconstitutional and unethical conspiracy….reports Asian Lite News Bangladesh’s ruling Awami League has strongly

Netanyahu: Iran Goals Near

Netanyahu pledged not to let Israel get dragged into a “war of attrition” with Tehran…reports Asian Lite News Israeli Prime Minister Benjamin Netanyahu claimed on Sunday that Israel is “very close” to
Go toTop

Don't Miss

Putin urges Russians to take part in polls

The Russian Federation Council, or the Upper House of the

Putin hopes consistent policy of Israel towards Russia

Russian President Vladimir Putin said that he hopes the Israeli