Moscow-Sana
Russian Energy Minister Nikolai Shulginov confirmed Russia's intention to continue supplying energy resources to friendly countries and redirect them in the event the G7 countries impose a "maximum" for Russian oil and gas.
TASS news agency quoted Shulginov as telling reporters on the sidelines of the East Economic Forum: “Any measures, including capping the price of oil and gas, will create conditions for an economic deficit and more price volatility, and Russia, as a reliable partner, will provide energy resources to partners in friendly countries and will certainly saturate the market.” local.”
The finance ministers of the Group of Seven countries agreed on the second of this month to set a ceiling for oil prices from Russia, and the group will prohibit in particular ship insurance for Russian oil tankers at prices exceeding the specified value.
“We are studying the possibility of using a number of local insurance companies from friendly countries and we have another option to create a new insurance company, but then mutual recognition by other countries is required,” Shulginov said.
The Russian official stressed that the national fuel and energy sector was able to adapt to Western sanctions, adding: “We are dealing with a situation of saturation, and certainly difficulties arise with the readjustment of logistical plans and maintenance of equipment, but the Russian oil and gas sector is adapting to Western pressures and sanctions, and it can now be said with confidence that companies meet With its assumed obligations in terms of meeting the demands of the local market and the terms of foreign export contracts with its full potential.”
He pointed out that Russia plans to redirect energy resources not only to the countries of Asia and the Pacific, but also to the Middle East and Africa, adding: "This process may be somewhat long, but efforts are in full swing."
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