All news

Russia to continue supporting Europe with energy resources, says Putin

The president recalled that Russia values its reputation

MOSCOW, October 24. /TASS/. Russia values its reputation of a reliable and verified supplier of energy resources to Europe, President Vladimir Putin said on Wednesday.

"Russia values its reputation of a reliable and verified partner and will continue contributing to provision of energy resources for the Italian economy and the whole Europe," the head of state said. Italy was among the first countries in Europe that made a long-term gas supply agreement with the USSR and is now the second largest West European consumer of Russian gas after Germany, Putin noted.

Cooperation between Russia and Italy in energy sphere is not confined to fuel supplies, the head of state said, citing projects of joint tapping of hydrocarbon fields and construction of the Amur gas processing plant as an example. "We welcome the aspiration of the Italian business to invest into development of the Russian electric energy sector," Putin added.