Russia's Oil Tsar: Trump's actions to defend US Producers are 'fitting.'
Igor Sechin is the president of Rosneft - Russia's biggest oil producer. He said on Saturday that he agreed with Donald Trump's plans to protect domestic energy producers.
He said at a Qatar conference that Trump's election campaign promises included "fitting" measures to protect domestic energy producers, the market, and other economic factors.
Some Russians are cautiously optimistic about Trump's return on Jan. 20, while others believe that another U.S. President will not make much of a difference.
Under the Joe Biden Administration, Russia's relations with the United States plummeted to a post Cold War low on a number issues, including conflict in Ukraine.
Vladimir Putin, the Russian president, congratulated Donald Trump on his victory in the U.S. elections, praising the courage he displayed when a shooter tried to assassinate Trump, and stated that Moscow was prepared for dialogue with the Republican President-elect.
Trump announced last month that he would impose large tariffs on three of the United States largest trading partners, Canada, Mexico, and China, detailing his plans to implement campaign promises. Many believe this could lead to trade wars.
"It is not surprising that Canada and Mexico will suffer, as well as China and Europe." "Donald Trump is not the president of Mexico or Canada, but the United States," Sechin said.
Trump pledged during his campaign to increase domestic oil and gas production.
Sechin said that Trump will likely remove all restrictions on hydrocarbons, lower taxes and redirect investments from "illusory alternative energy sources" to "real" energy. Reporting by Olesya Almakhova and Felix Light, Writing by Vladimir Soldatkin, Editing by Mark Potter & Clelia Oziel
(source: Reuters)
