Under the BBM Admin: Russia offers oil to PH

Under the BBM Admin: Russia offers oil to PH


The rising fuel prices in the country, is something we cannot do something about.


The Philippines is subject to the world prices for not being an oil producing country. The good thing is we have a good working relationship with Russia who is considered a major oil producer in the world.


Russian ambassador recently made a courtesy call to President-elect Ferdinand “Bong-bong” Marcos, Jr. and got the commitment of Russia to help the Philippines address the continuing rise in prices of oil and its by-products.

(President-elect Ferdinand ‘Bongbong’ Marcos Jr. chats with Russian Ambassador Marat Pavlov who paid him a visit on Monday, June 13, 2022. The envoy said that Russia can help the Philippines address concerns on rising oil prices.THE MANILA TIMES)


"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, adding that President Vladimir Putin is sending his congratulations to Marcos for winning the presidency last May 9.

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

Russia is one of the world's largest exporters of petroleum products. However, because of its invasion of Ukraine last February, the United States and the European Union have banned the importation of oil and oil products from the European country as a sanction.

The Russia-Ukraine crisis is the reason behind the world price hike not just in oil prices but also in other products such as wheat, metals and fertilizers.

Marcos during his campaign called for a peaceful end to the conflict.

Pavlov said that this issue was also "briefly" mentioned during the meeting and that the president-elect has maintained his stance of having an independent foreign policy.

"As far as I understand, the president-elect would like to continue his independent policy and he will cooperate with the Russian Federation," the Russian envoy said.





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Report from Manila Times


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