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Putin: Americans and Arabs conspired against Russia

At his press conference Russian President Vladimir Putin did not rule out that Saudi Arabia and the U.S. have conspired against Russia.

Putin: Americans and Arabs conspired against Russia

At today's press conference, Russian President Vladimir Putin stated that most likely the United States and Saudi Arabia have conspired against Russia to harm its energy sector. But so far, there are no true facts to prove it, Joinfo.ua reports.

"Lately there are many talks about the reasons for the oil prices decline. There's a possibility that the United States and Saudi Arabia have conspired to punish Iran, affect the economy of Russia and Venezuela. Maybe so, maybe not. Maybe be it's a fight of traditional primary producers with shale oil," said Putin.

He also said that today the cost of shale oil and gas production is equal to zero.

"The interests of the U.S. Administration and the main feedstock producers can coincide, because the U.S. Administration is very comfortable with the investments of private companies in the shale oil production. For them, the main thing is the general price level, but if the price level remains low for a long time, the company will no longer invest in new fields," said Putin.