BAKU, October 27. /TASS/. The idea of "cutting" Russia out of the world economy is absurd and illusory. The West underestimates the scale and the contribution of the Russian economy in the global differentiation of labor, Rosneft CEO Igor Sechin said on Thursday at the 15th Verona Eurasian Economic Forum in Baku.
"The idea of ‘cutting’ Russia out of the world economy is absurd and illusory. The scale and role of the Russian economy in the global division of labor has traditionally been underestimated by the West," he said, adding that Russia's share in the supply of basic raw materials reaches up to 15%.
Sechin said earlier that it is important to make a quick transition to economic cooperation within the framework of the EAEU, SCO, BRICS, without regard to financial centers from unfriendly countries.