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Thursday, 12 January 2023

Extra non-oil and gas revenues help Russia in solving required issues — Putin

Extra non-oil and gas revenues help Russia in solving required issues — Putin

Extra non-oil and gas revenues help Russia in solving required issues — Putin




©Mikhail Metzel/POOL/TASS






Extra 200 bln rubles ($3 bln) of non-oil and gas revenues of Russia enable the country to solve required issues, President Vladimir Putin said on Wednesday at the first meeting with Cabinet members in this year.







"We know additional budget revenues, associated exactly with non-oil and gas revenues and not with oil or with gas ones, [stand] at 200 bln rubles provisionally. This provides us with an opportunity to solve all tasks we set for development and for matters being current yet very serious and important," the head of state said.


Sovereign development should be achieved contrary to any pressure from the outside, the Russian leader said. "We certainly need to achieve [resolution] of issues related exactly to sovereign, independent development in the near future, contrary to any external pressure and threats," Putin added.



Chances of India joining price cap on Russian oil ‘nil', says country’s expert



The possibility of India joining the price cap on Russian oil is almost zero as New Delhi relies on its own political and economic interests, an Indian political analyst and Distinguished Fellow at Observer Research Foundation Nandan Unnikrishnan told TASS on Wednesday, adding that the country is not facing secondary EU sanctions for such a decision.


"At the moment the chances of India joining the price cap on oil are virtually nil. India will rely purely on its interests, economic, political, strategic. Currently there is an interest in imports of cheap oil from Russia, which India will not reject. India receives huge revenues," the expert said.







The country is not facing the threat of secondary sanctions from the European Union for purchasing Russian oil, he noted. "The Europeans have become ‘an appendage’ of the Americans as of today, whereas the Americans are not going to impose any sanctions against India as they are being very polite with the Indians, being reluctant to offend them," Nandan Unnikrishnan said.


As much as 85% of the Indian economy is in the private sector, he said. "Indian companies will adhere purely to their business interests," the political analyst said, adding that Reliance industries is the largest purchaser of Russian oil in India, which has serious assets in the US, though it has not stopped imports from Russia.


The world’s third-biggest importer of crude oil after China and the US, India is actively buying Russian oil. In early 2022, Russia’s share in the country’s oil import basket equaled 0.2%, but rose to over 20%, or almost 1 mln barrels per day, by the end of the year.



Putin: Everything Must Be Done to Protect Rights, Security of New Russian Regions' Residents



It is important to do everything possible to protect the constitutional rights and security of new Russian regions' residents, Russian President Vladimir Putin said.







In his congratulations to prosecutor's office employees on their professional holiday, Putin said countering extremism and corruption, protecting the rights of entrepreneurs and environmental protection remain the key areas of work.


"And, of course, it is important to assist the complex, comprehensive work to integrate new regions of Russia into the country's unified legal framework, to do everything to protect constitutional rights and security of people living here," he said.


Referendums on the Donetsk and Lugansk People's Republics (DPR and LPR), the Kherson and Zaporozhye regions becoming part of Russia were held on September 23-27, 2022. Most voters supported joining Russia. Putin signed relevant treaties with the territories' heads on September 30.


The Russian president added that Russia's prosecutor's office should pay special attention to the rights of the military personnel, the mobilized soldiers and volunteers participating in the ongoing special military operation.








"It is to pay special attention to respecting the rights of soldiers, mobilized ones, and volunteers. I would like to emphasize that prosecutors have all the necessary powers to effectively address these and other important tasks. I am sure you will do your best to do so," the Russian president said in his congratulatory speech to prosecutors on their professional holiday.


"I specifically draw attention to the need to strengthen oversight of the timely implementation of the state defense orders."


Putin further noted that the main aspect in the work of prosecutors is for Russians to feel that they are under the protection of the law.


Russian prosecutors celebrate their professional holiday on Thursday, January 12.


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