The Russian energy market is now actively developing thanks to Western sanctions. About this “Lente.ru” declaration Vladimir Linnik, Professor of the Department of Economics and Management at the Fuel and Energy Complex of the State University of Management, Doctor of Economic Sciences.
“The key factors in the medium-term development of the energy market will continue to be the threat of a recession in the global economy, the tightening of sanctions pressure and the rising costs of restructuring supply logistics,” Linnik said. .
According to him, in 2023, the country’s economy, as stated by the Ministry of Economic Development, will develop due to the resurgence of consumer demand against the backdrop of the sharp decline last year.
He added that oil exports from Russia will decrease by 6.7 percent this year. However, oil and gas supplies will gradually be restored as they are redirected to friendly and neutral countries.
At the end of May, Russian President Vladimir Putin as part of the plenary session of the Second Eurasian Economic Forum declarationthat energy prices are approaching economically justifiably. According to Putin, the energy crisis that developed in European countries last year came to naught, so energy prices are returning to economically justified levels.