(MENAFN- AzerNews)
By Trend
The Philippines are in talks to buy Russian fuel and some other
goods, the president Ferdinand Marcos Jr. said in an interview with
Bloomberg that was published on Saturday, Trend reports with reference to TASS .
'We need to find those new sources of fuel. But that applies not
only to fuel, it applies to things like feed, fertilizer, other
inputs that are just critical for us,' he said.
'The political side of it has been a little tricky, but
nonetheless, the national interest comes first,' the president
said.
The country is close to reaching agreements with Russia and
other countries, he said.
According to Marcos, the Philippines can't be complacent in
relying on traditional suppliers and is negotiating with Russia and
other countries to diversify supplies for agricultural goods to
keep prices down.
The Philippines is closely watching domestic prices.
'We cannot allow it [prices] to reach to an extent that people
simply cannot buy their food, simply cannot pay their electricity
or water,' Marcos said.
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