“Back in 2018, we talked about the fact that the policy of sanctions and ultimatums in the hydrocarbon markets would lead to the appearance of a permanent“ sanctions premium ”in the price of oil ... Now all this has become a reality,” RIA Novosti quotes him.

According to Sechin, the world economic crisis in itself is not a consequence of sanctions measures, but the restrictions exacerbate and accelerate the growth of all crisis phenomena.

“Sanctions are destroying the previously unshakable institution of contractual obligations, the very judicial and legal system, the financial, transport and industrial sectors.

As a result, the social sphere and, as a result, the global market itself,” he explained.

Earlier, the head of Gazprom, Alexei Miller, said that European regulators should be thanked for the increase in gas prices.

Russian Deputy Prime Minister Alexander Novak noted that European countries in 2022 will overpay approximately €400 billion for energy resources.

On May 8, Minister for Economic Cooperation and Development Svenja Schulze warned of the possibility of the world's worst famine since World War II.

Russian Ambassador to the United States Anatoly Antonov announced Russia's readiness to cooperate in the fight against the food crisis.