Moscow-Sana
Russian Deputy Prime Minister Alexander Novak warned of the repercussions of the European Union imposing sanctions on the import of Russian oil, which pushes oil prices to about $300 a barrel, indicating that his country is looking at options to redirect energy supplies to eastern countries.
Russia today quoted Novak as saying before the State Duma that Russia is the largest supplier of energy resources to world markets, with a share of its exports of about 20 percent, and that the absence of its resources from global oil and gas markets will lead to its collapse, while the rise in energy prices will be unexpected, noting that the volume of investments in The Russian fuel and energy complex in 2021 amounted to 4.4 trillion rubles, or about 44 billion dollars.
Novak added that our supplies are diversified around the world, and the largest share of course is in Europe and Asia, but supplies also go to the countries of the Middle East and Latin America, expressing his hope that there will be enough space for Russian raw materials in the Asian and Pacific markets.
For his part, Chairman of the Federation Council Committee for the Protection of State Sovereignty in Russia Andrei Klimov expressed his support for the decision of Russian President Vladimir Putin to pay for Russian gas exported to unfriendly countries in Russian rubles, noting that if someone does not want to buy gas in rubles, he has an opportunity to obtain it from other places at prices other.
Today, Russian President Vladimir Putin instructed the Russian government to transfer payments for natural gas exports from Russia to Europe to the ruble currency instead of the euro within a week, pointing out that a number of Western countries had taken illegal decisions during the past weeks to freeze Russian assets, which showed the West's failure to fulfill its obligations and undermined confidence in its currencies.
