IOC extends doping-related sanctions against RussiaSport December 07, 19:35
Russian oil companies back Energy Ministry proposal on limiting oil production — ministerBusiness & Economy December 07, 18:42
Syrian troops take full control over 47 quarters of eastern Aleppo — ministryWorld December 07, 18:36
Sberbank head expects oil and gas prices to continue to fallBusiness & Economy December 07, 18:26
Russian sappers start clearing eastern Aleppo from minesMilitary & Defense December 07, 18:17
Putin says experience gained in Syria to be discussed at Defense Ministry board meetingMilitary & Defense December 07, 17:49
Luxembourg Forum to convene conference on nuclear security in 2017World December 07, 17:32
Pole vault star Isinbayeva takes charge of Russian Anti-Doping Agency’s supervisory boardSport December 07, 17:28
Russian expert says North Korea has effective means of delivering nuclear weaponsWorld December 07, 17:23
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.