Opposition’s demand of Assad’s immediate resignation absurd - Russian envoy to GenevaRussian Politics & Diplomacy February 23, 16:34
Moscow celebrates Defender of the Fatherland DaySociety & Culture February 23, 16:19
ISS astronauts capture Dragon with manipulatorScience & Space February 23, 14:36
Vitaly Churkin’s body delivered to RussiaRussian Politics & Diplomacy February 23, 12:30
Ukrainian military shell Donetsk water purification plantWorld February 23, 11:45
Scientists discover three Earth-sized exoplanets that may potentially harbor lifeScience & Space February 23, 5:50
Syrian opposition ready for direct talks with government delegation — representativeWorld February 22, 21:56
UN Syria envoy expects no breakthrough at new round of Syria talksWorld February 22, 21:09
Russia opposes sharing responsibility for fate of Middle East refugeesRussian Politics & Diplomacy February 22, 20:36
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.