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EU completely loses access to cheap and reliable energy resources of Russia — Rosneft CEO

It is noted that Europe was forced to abandon long-term contracts and make the transition to spot-based pricing

Rosneft CEO Igor Sechin Mikhail Metzel/POOL/TASS

Rosneft CEO Igor Sechin

© Mikhail Metzel/POOL/TASS

BANGALORE, February 6. /TASS/. Europe has completely lost its energy security by having no access to cheap energy resources from Russia, Rosneft CEO Igor Sechin said at the India Energy Week.

"Europe has completely lost its main advantage - energy security - access to cheap and reliable Russian energy resources, and has now to pay 3-5 times more for gas," Sechin said.

Europe was forced to abandon long-term contracts and make the transition to spot-based pricing, the top manager noted. This resulted in an unprecedented price rally in conditions of accelerated energy transition and under-invested conventional energy sector.

"When the Russian competitor had been removed from the European market with the help of sanctions and pressure, Americans suggested returning to long-term contracts warranting the payback of investments. This refers to mere unfair competition," Sechin added.

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Foreign Policy pointed out that Western officials should stop insisting in public speeches on the need to achieve a strategic defeat for Russia

US admiral says Washington should be ready for talks with Russia, China

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Bundeswehr prepares plan for Operation Germany in case of war with Russia — newspaper

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Russia to hold informal UN Security Council meeting on unilateral restrictions

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Russian air defense deflects attacks with Western missiles — Putin

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Western countries should 'be afraid, tremble' after Putin's statement — lawmaker

Andrey Kartapolov added that the special military operation in Ukraine "will continue its course until all tasks are completed"

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Trump nominates Pam Bondi for US attorney general

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China holds US responsible for disrupted defense ministers' meeting in Laos

Wu Qian stated that the United States must immediately correct its mistakes, "honestly respect China’s main interests, and seek to create favorable conditions for high-level contacts between the military of the two countries"

Zelensky’s actions make Ukraine vulnerable to coup, says politician

"Democratic institutions in the country have been destroyed, rendering dialogue between the government and the people impossible," Viktor Medvedchuk said

Biden's decision to use ATACMS on Russia threatens to kill Americans — Tucker Carlson

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Lukashenko tells Putin situation is "starting to get tense with Wagner"

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US, NATO decision on strikes continues policy of escalation — Putin

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US Congressman urges to impeach Biden for allowing strikes deep into Russia

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Putin warns West that Russia can respond to any turn of events

"There will always be an answer," the president said

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Romanian presidential candidate vows to end military aid to Ukraine

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US missile defense base in Poland long among Russian army’s targets — Foreign Ministry

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Putin stays open to contacts to reach 'peaceful track' — Kremlin

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West launched missiles targeting Russia’s Bryansk, Kursk Regions — Putin

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White House not yet ready to speak on causes of Baltic undersea cable ruptures

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Biden's decision on missile strikes on Russia is his 'last gasp' — Japanese lawmaker

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Press review: Russia fires missile at Ukraine plant and Biden forgives Kiev $4.65 bln debt

Top stories from the Russian press on Friday, November 22nd

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US warships fire more missiles at Houthi sites in Yemen — source

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US makes mistake by destroying INF Treaty — Putin

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US forces strike Houthi sites with seaborne missiles — TV

According to Al Arabiya, US warships fired at least four missiles at Houthi-operated facilities in the Al-Matina area around 90 km south of the province’s administrative center

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The important message in Vladimir Putin’s speech was that "Russia does believe that the West has shifted from a proxy-war to direct war" and that the parties find themselves in "a global conflict" now, Dmitry Suslov said

Western nations should take Putin's statement seriously, warns Hungarian PM

Viktor Orban recalled that Russia has "one of the most powerful armies in the world, which boasts the most advanced, most powerful weapons"

Ukrainian frontline may 'collapse' under onslaught of Russian forces — BBC

According to the experts, Ukraine’s incursion into Russia’s borderline Kursk Region turned out to be a "strategic catastrophe" amid "manpower shortages"

US decision to allow missile strikes deep into Russia fuels global escalation — Slovak PM

Robert Fico also rejected the belief that this escalation would not impact "those living far away, in Spain, England, or America"

Decision on strikes inside Russia seals US puppet Zelensky’s fate — commentator

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