This was announced by Deputy Prime Minister of Russia Alexander Novak.

"It is important this year to maintain the pace of creation of mechanisms and tools that would allow us to reliably supply relevant products to new markets," RIA Novosti quoted him as saying.

Novak said that we are talking about logistics chains, the continuation of the formation of the tanker fleet, the creation of payment instruments.

Earlier, Russian Energy Minister Nikolai Shulginov said that the country managed to completely redirect the entire volume of oil exports that fell out in connection with the embargo.

Russian leader Vladimir Putin also noted that Russia was able to compensate for the closure of Western markets for it and expanded trade contacts with the states of fast-growing regions of the world.

The head of the analytical department of AMarkets Artem Deev in an interview with FAN assessed the potential to increase the volume of trade in Russian oil with such countries and regions as South Korea, Vietnam, South America and Africa.