Putin says Russia should cut reliance on foreign equipment in energy sector

Jun 04, 2014 12:00 AM

President Vladimir Putin said recently that Russia should reduce its reliance on foreign equipment in the energy sector, part of an effort to improve the nation's self-sufficiency at a time when it faces Western sanctions over the Ukraine crisis.

At a meeting on energy strategy in the southern city of Astrakhan, Putin also said the government should consider a recapitalisation of Gazprom following the signing of a $400 billion gas deal with China which will require multi-billion-dollar investments in infrastructure.

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