Bongbong to buy oil, fertilizer from Russia a day after meeting Biden who promised ‘ironclad defense” for PH

President Bongbong Marcos revealed his plan to negotiate with Russia for access to its oil and fertilizer to keep food prices tame amid a cratering peso and supply shortfalls.

Marcos made the revelation a day after meeting United States President Joe Biden on September 22 where the American leader spoke about the “importance” of the two countries’ alliance while reaffirming his country’s “ironclad commitment to the defense of the Philippines.”

In an interview with Bloomberg TV in New York, Marcos said: “Now maybe we need to approach Russia, say that maybe they can loosen up and provide us with fuel…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.”

Marcos is fully aware of Biden’s campaign to rally countries to punish Russia for its invasion of Ukraine.

“The political side of it has been a little tricky, but nonetheless, the national interest comes first,” Marcos said.

Marcos, who also heads the Department of Agriculture, said his priority was to defend Filipinos from a spike in prices of basic commodities.

“We cannot allow it to reach an extent that people simply cannot buy their food, simply cannot pay their electricity or water, all these basic things…We’re watching very closely to make sure it never gets to that point,” Marcos said.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.

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