Russian President Vladimir Putin speaks during a plenary session of the Russian Energy Week forum at Moscow Manege in Moscow, Russia, Thursday, Oct. 16, 2025.
| Photo Credit: AP
Russian President Vladimir Putin said Thursday that his country was still among the world’s top oil producers, despite what he called “unfair” anti-competitive practices used against it.
Speaking at a conference on Russian energy in Moscow, Mr. Putin said European countries had hurt their own economies by cutting sales of Russian gas and criticised Western restrictions on exporting equipment to Russia.
Mr. Putin did not mention U.S. pressure on China and India to stop buying energy from Russia.
“Russia maintains its position as one of the leading oil producers, despite the use of unfair competition mechanisms against us,” Putin said.
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“We account for approximately 10% of global production and expect that by the end of the year, our country will have produced 510 million tonnes of oil,” he added.
Published – October 16, 2025 05:47 pm IST
