“Together with oil and gas companies, draw up plans for expanding export infrastructure to countries in Africa, Latin America, and the Asia-Pacific region,” he said.

The head of state also called for the construction of new oil and gas pipelines from the fields of Western and Eastern Siberia.

“Increasing oil transshipment capacity in the Arctic and Far Eastern ports is also a very important task,” Putin reminded.

The President urged not to forget about the importance of the potential of the Northern Sea Route.

On April 14, Vladimir Putin said that the country needs to speed up the implementation of infrastructure projects to redirect oil and gas supplies from the west to promising markets - to the south and east.

In March, Venezuelan President Nicolas Maduro said that the five BRICS countries had begun building an architecture of financial, economic, commercial, and political cooperation.

The Russian Foreign Ministry also admitted that the BRICS countries will become the basis of a new world order.