“The latest restrictions, the introduced decisions on the adoption of price ceilings - all these actions entail huge risks for the functioning of the industry, provoking a shortage of energy resources and investment in the industry, and not only in the oil industry,” TASS quoted him as saying.

According to Novak, these problems will affect any exchange commodity for which Western countries subsequently want to introduce their own rules. 

The Russian politician called the sanctions against the supply of energy resources thoughtless.

Earlier, Reuters, citing diplomats, reported that the EU countries could not agree on the level of the price limit for oil from Russia.