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Putin admits Western sanctions have disrupted Russia’s oil industry

President Vladimir Putin acknowledged that Western sanctions have hampered Russia’s energy industry, the country’s economic engine, and that it needs to reorient oil and gas sales from markets in Europe to Asia.

“The sharpest [problem] is associated with a disruption in the logistics of export deliveries,” Putin said on Thursday during a government meeting. Mr Putin said banks from “unfriendly countries”, including the European Union, are delaying sending payments.

https://www.wsj.com/articles/putin-admits-western-sanctions-have-disrupted-russian-oil-industry-11649945252?mod=rss_markets_main Putin admits Western sanctions have disrupted Russia’s oil industry

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