The sawmill sites are located in the Novgorod Region and Karelia.

The accelerated energy transition, which Western countries are implementing, has an extremely negative effect on the global situation as well, Russian Deputy Permanent Representative to the UN Dmitry Chumakov said.

MOSCOW: Malaysian Ambassador to Russia Datuk Bala Chandran Tharman told Sputnik that he hopes Russian flagship carrier Aeroflot will soon open direct flights between St. Petersburg or Moscow and Kuala Lumpur.

Elvira Nabiullina became the Central Bank chief in June 2013.

During a closed-door part of the meeting there will be an exchange of views, reports by the Industry and Trade Minister Denis Manturov and Deputy Prime Minister Marat Khusnullin.

On April 14, Putin held a meeting on the situation in the oil and gas sector, while on April 18, he discussed general economic issues.

"Now it will be possible to apply for subsidized loans for projects providing at least 250 jobs, with an obligatory condition to complete them as planned," Mikhail Mishustin pointed out.

It was stated that Western countries are not going to stop the de facto economic war they have declared against Russia.

Banning oil and product flows from Russia to Europe would create a seismic shock, with more than 55% of European imports of diesel and gasoil coming from Russia, analyst with the Rystad Energy consulting firm said.

Russia supplies around 50% of energy coal, which is used as fuel for European power stations.