Borisov allowed a temporary “drawdown” in the export of hydrocarbons from Russia

Due to the refusal of the Western countries from Russian hydrocarbons, a “drawdown” is possible in their EXPORT. This was stated by Deputy Prime Minister of the Russian Government Yuri Borisov at the conference "Industrial Policy in New Realities", which is taking place in Moscow.

“Leading Western countries refuse our resources. We have a lot of work to do to build new supply chains. There will be a drawdown, but there is a margin of safety, and we will get out, ”said Borisov (quoted by Interfax).

The Deputy Prime Minister believes that the world cannot do without Russian energy resources, but they still have to be "correctly brought" to potential new consumers.

Deputy Prime Minister Alexander Novak said earlier that the rejection of Russian hydrocarbons threatens to collapse the gas and oil markets, since Russia is their largest supplier. He warned that the rise in prices for energy resources could be completely unpredictable.

On March 8, the US banned the import of oil, gas and other energy products from Russia as part of the sanctions. President Joe Biden noted that the decision will not go unnoticed for American consumers and will lead to an increase in oil and gasoline prices. London followed suit. The EU has not yet made a decision on the embargo on Russian oil, but this issue is being discussed as part of the fifth package of anti-Russian sanctions, REUTERS wrote.