Tallin: Estonian authorities called on oil-producing countries on Thursday to find a way to reduce Russia's energy revenues without disrupting international oil markets, in order to aid in the resolution of the Ukraine conflict.
"We need to recognise that much of Russia's revenue is derived from energy exports, primarily oil exports, (and) we need to find a way to cut those revenues without upsetting... the international oil market," said Jonatan Vseviov, secretary-general of Estonia's Ministry of Foreign Affairs, during a press briefing.
"Oil-producing states are critical; obviously, consuming states are important as well, but producing states may be even more so." Helping to find ways to maintain international market stability while reducing revenues will result in the end of the war (in Ukraine).
Also Read: How does radiation exposer effects the human body
He suggested that oil-producing countries look into this strategy further.
"The United Nations General Assembly includes every country on the planet," Vseviov explained. "Most UN member states care deeply about the UN Charter, sovereignty, territorial integrity, and these (types of) concepts, (and) we've had a number of votes now on important resolutions concerning Ukraine, with overwhelming international support."
Vseviov urged UN members to "keep that going," adding that each country's vocal support "can hopefully support us in upholding an international order that we believe serves all rules of law as well as all those countries interested in a rules-based order."
Also Read: Some steps to know how to strengthen a country's falling economy
"This is a globalised economy, everybody can contribute," he said at a press conference on the eve of the three-day Lennart Meri Conference in Tallinn, Estonia, during which experts in foreign and security policy will discuss how the war in Ukraine has affected the global balance of power.
So, if you want to help bring the war to a close sooner rather than later, assist us in enforcing and reinforcing the message that the costs of continuing this aggression far outweigh the costs of stopping it for the Russians."
Every country with a voice and a vote in UN matters, according to Vseviov, "hopefully can support us in upholding an international order that we think serves" the rule of law.
"I'm absolutely confident that by the end of the summit, we will have a consensus on everything that's on the table," he said of the conference, which begins on Friday. It will take a lot of effort, but we will get there."