“As for the rejection of our energy resources, this is unlikely over the next few years, and it is not known what will happen in a few years, so no one will concrete the wells, there is no such need,” RIA Novosti quotes him as saying at a meeting with young entrepreneurs, developers of start-ups in the field of technology and innovation, agriculture, and the creative sector of the economy.

Putin added that at present the volume of oil on the world market is decreasing, which leads to an increase in energy prices.

“The company's revenues are increasing in monetary terms.

Everyone sees it, everyone understands it," the president summed up.

Earlier, Putin, in an interview with journalist Pavel Zarubin on the Russia 24 TV channel, called the short-sighted energy policy of European countries one of the reasons for the food crisis.