He wrote about this in an article for Huanqiu Shibao.

He did not rule out that in the event of a restriction in oil prices, the Russian side would respond by reducing the production of these resources, as a result, the United States and Europe would have to deal with a possible increase in oil prices.

Botsyan also said that "the escalation of the energy war between Russia and the West can lead to fundamental changes in the structure of global energy supply."

The expert added that this would also further disrupt the world's energy supply chain and provoke "extreme volatility in their prices."

The result could be an increase in global inflation and a slowdown in economic recovery, he said.

Earlier, Russian Deputy Foreign Minister Sergei Ryabkov called the West's plans to impose a ceiling on the price of oil from Russia another element of psychological warfare.

Prior to this, Japanese Prime Minister Fumio Kishida said that the mechanism for limiting the price of Russian oil, which the G7 countries are discussing, provides for a halving of its cost.

Candidate of Technical Sciences Alexander Vlasov commented in an interview with the FBA "Economy Today" on the situation with the supply of Russian oil.