In the energy markets, Putin claims Russia does not work against anyone

A week after Washington criticized OPEC+'s decision to cut oil production sharply, Russian President Vladimir Putin said Russia was not competing with anyone on energy markets.

“We are also actively working within the framework of OPEC+. I know your position, our actions, our decisions are not directed against anyone, we are not going to and do not do it in such a way as to create problems for anyone,” Putin said at the meeting in St. Petersburg.

“Our actions are aimed at creating stability in the global energy markets, so that both consumers of energy resources and those involved in production, suppliers to the global markets feel calm, stable, and confident. So that the supply and demand would be balanced.”

The Russian president told the President of the United Arab Emirates Sheikh Mohammed bin Zayed al-Nahyan that Russia aimed to maintain stability and balance on the energy market.

11 October 2022