❗Key takeaways from Deputy Prime Minister Alexander Novak’s speech at the Russian Energy Week plenary session:

▪The diesel deal between Russia and the US benefits all parties

▪EU criticism of the diesel deal runs counter to consumer interests

▪The global diesel shortage stands at approximately 25%

▪Russia is prepared to balance global energy markets through partnerships

▪Russia is observing a decline in global demand for energy resources

▪Russia remains a reliable supplier and is ready to boost energy exports to Europe

▪Russia advocates for closer cooperation in the energy sector