“The plan to end the use of fossil fuels will have to be postponed.

Aware of the inflationary threat posed by rising commodity prices and the risk of collapse of the "economic locomotive" due to unrealistic timing of the transition to green energy, policymakers will abandon their goals to normalize the climate, "RIA Novosti quotes the bank's report.

Earlier, Russian President Vladimir Putin said that the domestic energy industry is currently one of the greenest in the world.