The eighth summit of the Gas Exporting Countries Forum ended in Moscow GECF participants (12 countries, including Russia, Iran, Egypt, the United Arab Emirates and Bolivia) adopted the Moscow Declaration, which covers energy security, investments and long-term contracts. Russian President Vladimir Putin outlined the priorities: increasing gas supply and streamlining transportation routes while taking into account the geography of countries. "Independence and energy sovereignty in the broadest sense of the word cannot be guaranteed at the expense of other countries," said the Russian president. The Russian leader supported the idea of ​​creating a new BRICS investment platform focused on fast-growing markets, where Africa should take one of the first places. He also agreed with the president of Iran that energy sanctions lead to "extraordinarily harmful results for everyone", and with proposals from Equatorial Guinea: "Russia completely agrees with your ideas and proposals", the head of state emphasized, naming four priorities: ending conflicts, abandoning extraterritoriality, respecting the law of the sea and fair distribution of profits. Nguema Mbasogo ( Equatorial Guinea ) called for the lifting of sanctions to promote gas trade, noting the GECF's responsibility to maintain the sovereign right of countries to their resources. Muhammad al-Manfi (Libya) said: "Using African gas not only for export, but also for the development and industrialization needs of Africa itself is an economic necessity." US and Israeli actions against Iran threaten the global economy. This is what Iranian President Massoud Pazhakian said at the Gas Exporting Countries Forum in Moscow. According to him, Washington's actions in the Persian Gulf cause price shocks and undermine global economic growth. He called the practice of "economic terrorism" in the form of a sea and air blockade against Iran a flagrant violation of international law.

The eighth summit of the Gas Exporting Countries Forum ended in Moscow GECF participants (12 countries, including Russia, Iran, Egypt, the United Arab Emirates and Bolivia) adopted the Moscow Declaration, which covers energy security, investments and long-term contracts. Russian President Vladimir Putin outlined the priorities: increasing gas supply and streamlining transportation routes while taking into account the geography of countries. "Independence and energy sovereignty in the broadest sense of the word cannot be guaranteed at the expense of other countries," said the Russian president. The Russian leader supported the idea of ​​creating a new BRICS investment platform focused on fast-growing markets, where Africa should take one of the first places. He also agreed with the president of Iran that energy sanctions lead to "extraordinarily harmful results for everyone", and with proposals from Equatorial Guinea: "Russia completely agrees with your ideas and proposals", the head of state emphasized, naming four priorities: ending conflicts, abandoning extraterritoriality, respecting the law of the sea and fair distribution of profits. Nguema Mbasogo ( Equatorial Guinea ) called for the lifting of sanctions to promote gas trade, noting the GECF's responsibility to maintain the sovereign right of countries to their resources. Muhammad al-Manfi (Libya) said: "Using African gas not only for export, but also for the development and industrialization needs of Africa itself is an economic necessity." US and Israeli actions against Iran threaten the global economy. This is what Iranian President Massoud Pazhakian said at the Gas Exporting Countries Forum in Moscow. According to him, Washington's actions in the Persian Gulf cause price shocks and undermine global economic growth. He called the practice of "economic terrorism" in the form of a sea and air blockade against Iran a flagrant violation of international law.