UAE: UAE President meets Vladimir Putin in historic Russia visit – Gulf Digital News

UAE: UAE President meets Vladimir Putin in historic Russia visit – Gulf Digital News

President Vladimir Putin said yesterday that Russia was not working against anyone on energy markets and was seeking a balance between oil supply and demand, a week after Washington criticised a decision by Opec+ to steeply cut oil production.

Speaking with UAE President Shaikh Mohammed bin Zayed Al Nahyan, Putin said Russia aimed to create stability on energy markets and ensure that supply and consumption were balanced.

“We are also actively working within the framework of Opec+. I know your position, our actions, our decisions are not directed against anyone, we are not going to and do not do it in such a way as to create problems for anyone,” Putin said at the meeting in St Petersburg.

“Our actions are aimed at creating stability in the global energy markets, so that both consumers of energy resources and those involved in production, suppliers to the global markets feel calm, stable and confident. So that the supply and demand would be balanced.”

US President Joe Biden has called on his administration and Congress to explore ways to boost US energy production and reduce Opec’s control over energy prices after what Washington called the group’s “shortsighted” production cuts.

Before the meeting, the UAE’s foreign ministry said the