Friday, October 16, 2026Moscow
Economy

Tsivilev warned about the consequences of pressure on energy markets

The Minister noted the need to provide all countries with access to gas, technologies and financial instruments. According to him, price stability is also important for producers, who are prevented from planning production

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Pressure on countries in the energy sector can lead to “irreparable consequences” and a sharp rise in energy prices. About it in an interview with TV channel “Russia 24” on the margins of “Russian energy week — 2026” said the Minister of energy Sergey Tsivilev

“When interference in politics begins, pressure begins, it leads to irreparable consequences and to a sharp increase in the cost of energy resources, which are reflected in all economies of the world,” Tsivilev said.

All countries should have free access to gas, technology and financial instruments. The minister noted that sharp price fluctuations are unprofitable for gas producers.

“We need to work smoothly, smoothly, standardly with a clear understanding of the price forecast. It is possible to establish efficient production. And when you have such big jumps and price changes, it is also harmful for producers, the minister added.

Energy security is at the heart of development, so energy availability and prices should not be subject to political manipulation, Indian Foreign Minister Subramanyam Jaishankar said in September on the sidelines of the UN General Assembly.

Jaishankar’s call not to politicize energy prices came after U.S. President Donald Trump signed a law allowing tariffs of up to 100% against the largest buyers of Russian oil and gas.

Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. It involves secondary trade measures against countries that buy Russian oil and gas: up to 500% duty on Russian goods imported into the United States, and up to 100% on goods from countries that buy Russian oil or gas. In the final version, we are talking, in particular, about the largest five importers of Russian oil and gas.

Russia condemns Western sanctions and considers them illegitimate. President Vladimir Putin has previously said that there are more than 30,000 sanctions against Russia, almost twice as many as against all other countries of the world combined. Press Secretary of the President Dmitry Peskov noted that the Russian economy has adapted to the restrictions and developed a certain immunity to them.

Source: РБК ↗

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