Putin praised the effectiveness of Russia’s response to sanctions

Putin praised the effectiveness of Russia’s response to sanctions

President Vladimir Putin said that the Russian fuel and energy complex in the conditions of difficult market conditions and sanctions has been able to answer challenges. It is reported by RIA Novosti.


According to the head of the state, at the end of last year, Russia reaffirmed its status as one of the leaders of the global energy market. “We took first place in the world in terms of oil production, second in natural gas production,” — said Putin.

He also noted that Russia is among the leading countries in terms of electricity generation (fourth place) and coal mining (the sixth place). According to Putin, the advances in this field allow to consider expansion of Russia’s share in the global coal market.

However, the President pointed out that the level of gasification in the Russian regions is growing at a slow pace.

Earlier, Deputy Prime Minister Dmitry Kozak said that Russia will have their own equivalent of gas turbines from the German company Siemens. Their development will deal with the company “Power machines” owned by Alexey Mordashov and fell under us sanctions.

In the summer of 2017, it became known that the two turbos produced for the power plant in the Krasnodar region, was in the Crimea to bypass sanctions. Siemens demanded the return of the turbines and pay compensation, but lost the case. In August 2018, the German company appealed the decision to the Supreme court of Russia.

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