Russian President Vladimir Putin has accused Western nations of causing an “artificial breakdown” in the global energy architecture through sanctions targeting Russia’s oil and gas exports.
Speaking at the Russian Energy Week forum in Moscow, Putin asserted that despite the restrictions, Russia’s oil sector continues to operate sustainably, with exports being redirected toward “reliable partners” in Asia and the Global South.
“The global energy market is undergoing a reformatting,” Putin said. “Resources are shifting to regions where demand is undoubtedly growing — particularly in the Global South.”
Putin’s remarks come amid ongoing Western efforts to curb Moscow’s energy revenues through price caps and import bans, measures that were implemented after Russia’s invasion of Ukraine in 2022. The Russian leader argued that these policies have backfired, distorting global energy flows and fragmenting supply chains.
He also emphasized that Russia remains committed to maintaining stable energy partnerships with countries “that do not politicize cooperation” — a likely reference to nations such as China, India, and Turkey, which have increased their purchases of Russian oil.
The comments underscore Moscow’s continued defiance in the face of Western sanctions, as it seeks to strengthen its influence across developing markets.
