“Our product is in demand on the international market.
Of course, routes are lengthening, which is why the discount has become higher than a month ago,” he said in an interview with TASS.
However, according to Novak, the disparity between the prices of Russian oil and Brent products will smooth out after the stabilization of new supply chains in a few months.
“Last time it took about four months to stabilize new supply chains, this time it will be about the same,” he added.
Novak also said that Russia intends to increase oil exports to 260 million tons by 2025.