“Provision with technologically recoverable natural gas reserves is 62 years,” Petrov said in an interview with Rossiyskaya Gazeta.

According to him, similar oil reserves will last for 39 years, while profitably recoverable reserves are enough for 33 years.

On September 2, the finance ministers of the G7 countries agreed to impose a ceiling on the price of oil from Russia.

In particular, the G7 will ban ship insurance for carriers of Russian oil at prices exceeding the established threshold.

US Treasury Secretary Janet Yellen noted that limiting the price of oil from Russia will help fight inflation in the US.