Russia's Putin: We see problems being created for oil & gas investments By Frank_Macro RussianFederation Energy Oil Gas
Some EU countries will not be able to completely ditch Russian oil, he continued, adding that Western sanctions and the possibility of an embargo have led to a rise in oil prices. Russian oil and gas revenues are on the rise, Putin noted, adding that the Russian state will help facilitate settlements in national currencies, as well as access to loans and insurance.
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