Netanyahu expects to meet with Putin in Sochi on August 23 — Israeli premier’s officeRussian Politics & Diplomacy August 19, 22:47
Surgut attacker is identified as a local resident - investigationSociety & Culture August 19, 14:09
Combat module containing neural networks may become series in Russia in 2018 — designerMilitary & Defense August 19, 10:44
Russian Head of General Staff Gerasimov hands award weapon to Syrian generalMilitary & Defense August 19, 9:10
German politician says Crimea should to be recognized as part of RussiaWorld August 19, 6:22
Russian Emergencies Ministry carries out over 430 humanitarian missions abroad since 1993Society & Culture August 19, 6:18
Olympic diving champion Zakharov to carry Russia’s flag at opening ceremony of UniversiadeSport August 19, 4:11
New defense attorney to be appointed in former Ukrainian president’s high treason caseWorld August 19, 4:04
Mayor says Izmir International Fair homage to memory of late Russian ambassadorWorld August 19, 3:59
MOSCOW, October 13. /TASS/. Russian authorities understand the importance of the oil and gas sector for the national economy and are not going to suppress its efficient operations, Russian President Vladimir Putin said on Tuesday at the "Russia Calling!" investment forum.
"I want to assure you: we know full well and realize the importance of the oil and gas sphere for Russia and for the Russian economy. When seeking its diversification and structural changes, we will not do that on the account of suppressing the sphere and the branch that is working efficiently," the president said.
According to Putin, promising projects and the oil sector should be supported at the national level. The president noted that declining prices of energy resources and lowered demand inevitably result in oil and gas sector investments cut, just as it is taking place now in Russian and global economies.
"Companies should see the market development prospects and if the planning timeframe becomes smaller, the investments level falls as well. The result is that promising fields are not commissioned in due time, deficit occurs and energy prices start growing. I am confident that this time it will regretfully take place in the global economy at large," the Russian president said.