On the agenda of Russian President Vladimir Putin had been the sanctions imposed by Western nations.
Assembly with a bunch of younger entrepreneurs within the capital Moscow, Putin evaluated the difficulty.
“They cannot lower it for just a few extra years”
Putin stated the West won’t be able to chop off Russian oil and gasoline for just a few extra years.
Stating that nobody is aware of what’s going to occur sooner or later, Putin added that for this cause, Russian corporations “won’t pour concrete over oil wells”.
“Oil quantity is falling, costs are rising”
Putin’s assertion got here after a US official stated Russia’s earnings from energy may very well be greater than earlier than the conflict.
Within the interview, Putin stated, “The amount of oil on the planet market is falling, costs are rising. Firm earnings are growing.” stated.
EU’s dependence on Russia for pure gasoline
In accordance with the BBC, the European Union (EU) imports about 40 % of its pure gasoline from Russia.
The union has dedicated to lowering its dependence on Russian oil by 90 % by the tip of 2022, however has not set any gasoline targets up to now.
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