Putin says Russia a top oil producer, despite 'unfair' pressure

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Russian President Vladimir Putin speaks during a plenary league   of the Russian Energy Week forum astatine  Moscow Manege successful  Moscow, Russia, Thursday, Oct. 16, 2025.

Russian President Vladimir Putin speaks during a plenary league of the Russian Energy Week forum astatine Moscow Manege successful Moscow, Russia, Thursday, Oct. 16, 2025. | Photo Credit: AP

Russian President Vladimir Putin said Thursday that his state was inactive among the world's apical lipid producers, contempt what helium called "unfair" anti-competitive practices utilized against it.

Speaking astatine a league connected Russian vigor successful Moscow, Mr. Putin said European countries had wounded their ain economies by cutting income of Russian state and criticised Western restrictions connected exporting instrumentality to Russia.

Mr. Putin did not notation U.S. unit connected China and India to halt buying vigor from Russia.

"Russia maintains its presumption arsenic 1 of the starring lipid producers, contempt the usage of unfair contention mechanisms against us," Putin said.

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"We relationship for astir 10% of planetary accumulation and expect that by the extremity of the year, our state volition person produced 510 cardinal tonnes of oil," helium added.

Published - October 16, 2025 05:47 p.m. IST

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