President Putin's Presentation at Plenary session of Russian Energy Week International Forum (9-26-2024)

https://rad-patriot.com/president-putin-presentation-at-plenary-session-of-russian-energy-week-international-forum/
(The above video was simultaneously translated to English. The following is the English transcript of the above video. When you listen to the video or read the transcript, it should be obvious that President Putin has an incredible depth of understanding about this topic. Not only is he charting a better life for the Russians, he wants to cooperate with friendly countries to help them achieve their goals where the interactions benefit both parties. Dependable & cost effective energy is necessary for raising the standard of living for any country. — RAD)

Key Points

A multipolar development model is emerging today, sending a new wave of global growth for the rest of the 21st century. This growth will be concentrated in the BRICS countries, as well as the states that consider equal cooperation with due respect for national interests the promising way to proceed.

Russia remains a key player on the energy market. Over the past two and a half years, Russian companies were able to pivot to other markets in terms of oil, oil products, and coal supplies. Friendly nations now account for over 90 percent of Russia's energy exports, with totals remaining virtually the same as in 2021, except for natural gas.

Russia is expanding energy cooperation in both geography and scale: new trade routes are being created to fast-growing markets, including EAEC and CIS states, as well as South Eurasia countries, natural gas supplies through the Power of Siberia pipeline are being increased, and LNG exports are still on the rise.

The share of foreign trade transactions denominated in the ruble is now close to 40 percent. At the same time, as part of its cooperation with the BRICS countries, Russia is working on its own payment circuit that will provide conditions for servicing all foreign trade effectively and independently.

Russia is ready to strengthen the technological sovereignty of its partners in the energy sector, building full-fledged research and production chains. This will open up additional opportunities for scientists and researchers, as well as the development of machine engineering and Russia's energy sector in its entirety.

Next year, Russia will launch the New Nuclear and Energy Technologies national project in order to consolidate its global leadership in the nuclear industry and ensure its technological sovereignty across the entire fuel and energy sector.