As published on the Kremlin’s official website the President of Russia Vladimir Putin spoke on Russian oil sanctions imposed by the West stating: “Good afternoon, colleagues, today, we will discuss the situation in the oil industry as part of our regular meetings on economic issues.” “For Russia, with its huge hydrocarbon reserves, this industry, as well as the fuel-and-energy complex as a whole, has been and remains one of the leading components of the national economy.” “It is playing a tangible role in meeting the requirements of the domestic market, and, of course, in using the country’s export potential.” “What...