Four Pussy Riot members wearing neon dresses, their faces hidden behind balaclavas, climb up gas flares and dance on oil pipelines in a fresh video released by the punk band on Tuesday (July 16) and aimed at Russian President Vladimir Putin and his allies.

Two Pussy Riot members are serving prison terms in remote regions of Russia for storming the altar of the country's most sacred cathedral to stage a "punk prayer" asking the Virgin Mary to rid Russia of Putin.

But the loose, all-female Pussy Riot collective has carried on with its protests against Putin, a former KGB spy more than a year into his third presidential term, and his increasingly close ties with the resurgent Russian Orthodox Church.

Pussy Riot said a jailed member of the group, Nadezhda Tolokonnikova, wrote some of the lyrics for the three-and-a-half-minute video, which also features women waving banners on oil wells and performing on an oil cistern in central Russia.

The video accuses Putin of allowing only his closest allies access to the giant proceeds generated by the Russian energy industry and shows band members unfurling a large Pussy Riot banner on a gas station run by state oil firm Rosneft.

Russian state budget received more than $197 billion in oil and gas revenues in 2012.

Pussy Riot and other Putin critics accuse him of orchestrating a crackdown on dissent and using the courts to persecute his political opponents since returning to presidency in May 2012, following mass street protests against his rule.

Pussy Riot has also campaigned for gay rights in Russia and their clip, titled "Like a Red Prison", denounces Putin as a homophobe after the parliament, dominated by his United Russia party, passed some anti-gay laws so far this year.

These have followed other legislation, including moves to spike fines for protesters and boost Internet controls, that Putin critics say amount to a tightening of the screws.

Presented by Adam Justice