“The accumulated lack of investment, as well as the rejection of Russian hydrocarbons, lead to an acute shortage of energy resources and an increase in prices, spinning an inflationary spiral around the world,” RIA Novosti quotes him.
Sechin noted that, despite the energy crisis, leading European energy companies continue to reduce investment in the oil industry under the pressure of climate policy.
Earlier, Oleg Tyapkin, director of the third European department of the Russian Foreign Ministry, said that Germany's complete refusal to import Russian gas within two years would lead to an economic crisis in Germany.
Hungarian Foreign Minister Peter Szijjarto said that the current crisis in the EU is long-term.