Russia to supply energy with mutually acceptable payment practices, Sorokin says

Russia is the world's second-largest oil exporter and the holder of the world's biggest natural gas reserves

Russia will continue to supply energy at market prices without any consideration for Western sanctions and will offer mutually acceptable payment practices, Russian Deputy Energy Minister Pavel Sorokin told Reuters on Thursday.

Russia, the world's second-largest oil exporter and the holder of the world's biggest natural gas reserves, has seen a rise in demand for its exports since the Iran war trapped a chunk of global oil production in the Gulf.

"We are cooperating with our Indian partners and working on a mutually beneficial basis," Sorokin, speaking in English, told Reuters in New Delhi. "We believe that basically there should not be any sanction limits and every country should have a right to choose who it works with."

When asked if payments were being made in yuan or roubles, Sorokin said: "We're working with our partners through usually acceptable practices."

He said Russia was ready to work with any purchaser of liquefied natural gas.

Washington last week issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products currently stranded at sea in a step to stabilise global energy markets roiled by the Iran war.