Moscow, April 14: Russian President Vladimir Putin will hold a meeting on Thursday on the situation in the oil and gas sector, with the main report to be made by Deputy Prime Minister Alexander Novak, in charge of the issue, Kremlin spokesman Dmitry Peskov said.

Western countries in response to Russia's special military operation in Ukraine have introduced a number of anti-Russian sanctions. Some of them directly or indirectly affected the Russian oil and gas sector. Russia-Ukraine War: Vladimir Putin Says, 'Tell Volodymyr Zelenskyy, I Will Thrash Them' After Receiving Peace Offer From Ukrainian President.

The United States announced an embargo on imports of Russian energy resources (with the exception of uranium). Next, the UK announced that by the end of 2022 it would stop importing oil and oil products from Russia. Poland also wants to stop buying oil from Russia by the end of the year. However, the European Union has so far refrained from a collective ban on oil and gas imports from Russia, realizing its dependence.

Nevertheless, periodic statements about the possible refusal by the EU to use Russian oil and gas create a general negative background for their exports.

The same effect was provoked by the embargo of the US, which is not even a significant market for the Russian Federation. As a result, many buyers, fearing potential sanctions and reputational risks, independently decide to refrain from buying Russian energy resources.

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)