Russian Deputy PM Novak says it has talked with companies related to redirecting Russian energy resources, to more reliable markets, according to Ifx

• Companies are reviewing opportunities to redirect supplies to APAC markets
• Suppliers are considering redirecting from Europe to friendly countries
• Says negotiations are underway

This headline underscores a strategic shift in Russia's energy policy, indicating efforts to redirect supplies from Europe to Asia-Pacific markets amidst geopolitical tensions. The ongoing negotiations and focus on 'friendly countries' could have significant implications for global energy markets, potentially impacting prices and supply chains. Traders should monitor the reactions in commodities such as oil and metals, as well as in currencies linked to these regions.