Vladimir Putin: It's time for our oil and gas companies to share additional revenues

Against the background of rising global hydrocarbon prices, Russian oil and gas companies should direct additional revenues to reduce their debt burden. This was stated by Russian President Vladimir Putin at a meeting on economic issues.

"Russian oil and gas companies should think about channeling additional revenues from the growth of global hydrocarbon quotations to reduce the debt burden, to repay debts to domestic banks," he said.

Vladimir Putin noted the need for a balanced approach to the distribution of situational revenues of the federal budget. According to him, such decisions should ensure its balance for a long time, which requires a balanced assessment of the current economic situation.

As EADaily reported, on March 12, the United States temporarily lifted the ban on the sale of Russian oil and petroleum products already loaded onto tankers. The relief is valid until April 11.