He noted that against the background of current challenges, it is necessary to work on the implementation of long-term plans for the development of the energy industry.

“Among the key priorities is building up infrastructure to increase the gasification of Russian regions, as well as to diversify exports to promising markets in the south and east,” Putin said. 

The President also said that Russian companies should be prepared for an oil embargo by the European Union.

He also called the situation in the Russian fuel and energy complex stable, despite the sanctions pressure.