Russia has a certain advantage over the European Union (EU) in the long run because of its cheap energy resources. About this on the broadcast of the TV channel “Russia-1” declaration Alexander Novak, Deputy Prime Minister of the Russian Federation.
“For example, if we take the prices that are currently in the world markets or in the same Europe, a thousand cubic meters of gas is 500 dollars. Novak reached $3,800 last year, which is almost 50 times higher than in Russia.”
According to him, Russian industry spends much less money than Western companies. Therefore, they are more competitive in world markets when selling their products.
He added that energy prices in Russia are regulated by the state. At the same time, Russian prices are about 70-75 dollars per thousand cubic meters of gas, compared with European prices.
March 24 Economist Tilak Doshi declarationthe abandonment of the sanctions policy of most countries of the world in favor of cooperation with Russia on the backdrop of the Ukrainian conflict.
Before that, Pavel Sorokin, First Deputy Minister of Energy of the Russian Federation, said that Russia will create its own alternative energy supply system.