President Vladimir Putin issued a warning over the fragile state of the global economy on Friday as he set out plans for Russia to build economic ties with Asia at a time when Europe is battling a debt crisis. Looking relaxed, Putin fielded questions from businessmen for 90 minutes before a summit with Asia-Pacific leaders, portraying Russia as a reliable energy supplier for Asia and as a gateway to Europe for Asian investors.
Russia has been pumping hundreds of thousands of barrels of oil per day more than Saudi Arabia and is confident it can increase output year on year, Energy Ministry data showed, contradicting a report the kingdom has become the world’s biggest producer.
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