The Manila Times : Russia ready to help PH on oil needs – envoy

13 June 2022

By Kristina Maralit | The Manila Times

President-elect Ferdinand "Bongbong" Marcos Jr. on Monday got the commitment of Russia that it will help the Philippines address concerns on the rising cost of oil and its by-products.

This was shared by Russian Ambassador to the Philippines Marat Pavlov following his courtesy visit to the incoming leader.

"I repeat that in this turbulent period, we are ready to cooperate with the Filipino side and to extend our helping hand to satisfy the needs in sources of energy," the envoy told reporters.

Both sides have agreed to continue the discussion "a little bit further" in the coming days, Pavlov said.

Russia is one of the world's largest exporters of petroleum products. However, after it invaded Ukraine last February, the United States and the European Union banned the importation of oil and oil products from the European country as one of the sanction for its actions.

The crisis triggered a global spike in oil prices.