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Russia Now
Energy inferno , green opportunism, and a shadow shareholder
BAKU, October 27. /TASS/. The causes of the current energy crisis in the world are not related to the events in Ukraine, rather it is being brought on by a lack of investment in the oil and gas sector and Western nations rejection of Russian hydrocarbons, Rosneft CEO Igor Sechin said on Thursday at the 15th Verona Eurasian Economic Forum in Baku. Sechin talked about the destruction of a single energy market, said that Europe had lost the opportunity to diversify the supply of resources because of sanctions, and stressed that the idea of "cutting" Russia out of the world economy is "absurd and illusory". Energy and dollar crisis The yen, the pound sterling and the euro have been hardest hit by the US Federal Reserve’s current policies and may end up getting sacrificed in a crisis ‘inferno’ for the salvation of the dollar, Sechin believes. "So far, they [the Fed] have been most apt at using these resources, even by manipulating the dollar against their allies. Thus, the yen, the pound and the euro are hardest hit by the Fed’s policies. It is these currencies that risk going down in a blazing inferno of the crisis in order to salvage the dollar," he said
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BAKU, October 27. /TASS/. The causes of the current energy crisis in the world are not related to the events in Ukraine, rather it is being brought on by a lack of investment in the oil and gas sector and Western nations rejection of Russian hydrocarbons, Rosneft CEO Igor Sechin said on Thursday at the 15th Verona Eurasian Economic Forum in Baku. Sechin talked about the destruction of a single energy market, said that Europe had lost the opportunity to diversify the supply of resources because of sanctions, and stressed that the idea of "cutting" Russia out of the world economy is "absurd and illusory". Energy and dollar crisis The yen, the pound sterling and the euro have been hardest hit by the US Federal Reserve’s current policies and may end up getting sacrificed in a crisis ‘inferno’ for the salvation of the dollar, Sechin believes. "So far, they [the Fed] have been most apt at using these resources, even by manipulating the dollar against their allies. Thus, the yen, the pound and the euro are hardest hit by the Fed’s policies. It is these currencies that risk going down in a blazing inferno of the crisis in order to salvage the dollar," he said