AD Loading advertisement… 00:00 / 05:33 This article is in your queue. President Vladimir Putin acknowledged that Western sanctions have stymied Russia’s energy industry, the country’s economic engine, and that it will need to reorient oil and gas sales from markets in Europe to Asia. “The most acute [problem] is associated with a disruption of the logistics of export deliveries,” Mr. Putin said Thursday during a government meeting. Mr. Putin said banks from “unfriendly countries,” which includes the European Union, are delaying the transfer of payments. Russia’s biggest energy customers by far are in Europe. While the EU hasn’t banned Russian oil and gas deliveries , sanctions have blocked some funding, technology and equipment necessary for the development of the sector. Some traders have avoided Russian oil, which is currently offered at a heavy discount to international benchmarks. The U.S. and Canada have both announced embargoes on Russian crude. […]