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Russia seeks to increase energy resources

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MOSCOW, May 10 (UPI) -- Russian President Vladimir Putin Wednesday called on his government to make specific measures to increase Moscow's competitiveness in energy efficiency.

"We need to take specific measures in order to change the situation, but without damaging the financial stability that has been attained, and we need to take a serious step to stimulate investment growth in the production infrastructure and in the development of innovation," said Putin, in his annual state-of-the-union address before the Russian Parliament, RTR Russia TV reported.

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Putin said the Russian energy industry lags behind advanced levels and is lower in respect to Moscow's direct competitors in the world market. Putin has declared energy security as a No. 1 priority for this year's G8 summit.

Speaking after the Russian president, head of the government's nuclear agency said the development of Russia's nuclear power would guarantee energy security around the world, RIA Novosti reported.

"Russia's key position is that broad access to civilian nuclear power must be guaranteed, while at the same time there must be a guarantee that weapons of mass destruction will not proliferate under any circumstances," Sergei Kiriyenko said.

Amid heavy international pressure on Iran to re-impose a moratorium on its nuclear research program, Putin said he would support strengthening the nuclear non-proliferation regime under the current international legislation.

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"We stand for the strengthening of the nuclear non-proliferation regime without changing international law," Putin said.

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