Oil price crucial for Russia, but national interests come first, Kremlin says

6/5/2025 19:59

Oil prices play a crucial role in Russia's budget and the Russian economy overall, but Russian national interests take precedence above all else, Kremlin spokesman Dmitry Peskov said on Tuesday.



Peskov was commenting on remarks by U.S. President Donald Trump, who suggested that President Vladimir Putin might be more inclined to resolve the conflict in Ukraine following the recent drop in oil prices.



"Oil prices cannot be a factor that can influence Russia's attitude towards its national interests," Peskov said. "Russia's national interests are above all else, above any oil prices."



Russia, Peskov said, was working with OPEC+ to ensure prices remained at an optimal level.