The transcript of Novak’s speech is published on the Cabinet’s website.

At a government meeting, Russia's energy strategy for the period until 2035 was discussed.

“We considered a stress scenario that takes into account the current state of the market, a significant decrease in energy demand in the short term,” Novak said.

He noted the importance of “monitoring the situation on a daily basis, paying attention to the sustainability of the fuel and energy sectors in the current conditions.

Earlier, director of the Energy Development Fund Sergei Pikin, in an interview with the FAN, assessed the situation in the oil market.