Putin to declassify, de-monopolize Russian energy

The idea of ending Gazprom’s export monopoly gained further traction today following President Vladimir Putin’s recognition of the idea.

At a meeting of the State Commission on the Energy Industry, Putin ordered the government to look into ending Gazprom’s favored position and allowing private firms like Novatek, which originally pitched the idea months ago, to improve efficiency and not “lose the market to competitors.”

In a separate statement, the President called for ending a Soviet-age tradition of classifying information about Russia’s natural resources and energy reserves. The move comes as part of a broader campaign to attract international investment and increase transparency in Russia’s economy.

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