He noted that "it is quite clear that the structure of the energy industry will transform on both the demand and supply side."

"The recovery will not be quick, and will be characterized by a fairly long-term exit to pre-crisis indicators," - quoted by TASS Novak.

Earlier, Stanislav Mitrakhovich, a leading expert of the Fund for National Energy Security and the Financial University under the Government of Russia, in an interview with FBA "Economics Today" assessed the situation on the oil market.