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Russia redirects around 80% of export of energy resources to friendly markets — Novak

The diversification strategy is developing successfully, the official noted, adding that Russia implements projects on developing infrastructure capacities in all directions

ST. PETERSBURG, June 6. /TASS/. Russia redirected around 80% of its export of energy resources to friendly markets over the past two years, Deputy Prime Minister Alexander Novak said at the St. Petersburg International Economic Forum (SPIEF).

"An important area mentioned by the president is connected with diversification of export supplies. This task was addressed over the past two years. I would like to note that around 80% of Russian energy resources were redirected to our friendly markets, mainly Asian-Pacific, African, Latin American countries," he said.

The diversification strategy is developing successfully, Novak noted, adding that Russia implements projects on developing infrastructure capacities in all directions.

The St. Petersburg International Economic Forum (SPIEF) is being held on June 5-8. This year’s theme is "The Formation of New Areas of Growth as the Cornerstone of a Multipolar World." Scheduled events include meetings for small and medium-sized businesses, creative industries, the SPIEF Youth Day, as well as the Drug Security, SPIEF Academy and SPIEF Junior forums. SPIEF is organized by the Roscongress Foundation. TASS is the information partner of the event.

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