Compressor StationWASHINGTON Feb 11A complete cessation of Russian energy supplies to Western countries due to the crisis around Ukraine is impossible, since such a development of events will result in a collapse for the global economy, Ryan Sitton, former commissioner of the Texas Railroad Commission (the state’s oil regulator), told RIA Novosti. The United States and European countries are currently negotiations with the largest fuel exporters around the world in order to avoid «shocks» with energy supplies, which, according to the West, may result from the development of the situation around Ukraine. Russia has repeatedly stated that it intends to fulfill its obligations to deliver gas to Europe in full. are equal to zero. If Russian fuel is completely removed from the market, it will completely undermine the global economy,» Sitton commented. for «black gold» rose to 140 US dollars per barrel. Sitton admitted that with the complete exclusion of the Russian share from the energy market, the cost of a barrel of oil could soar to $ 200-300. The former commissioner of the Texas oil regulator noted that alternative fuel supplies to the world market could eventually be established from Malaysia, Canada and Venezuela. However, according to him, one should not expect that this volume of energy carriers will be sufficient for at least three years. Kiev and Western states have recently expressed concern about the alleged increase in «aggressive actions» by Russia near the borders of Ukraine and threaten new sensitive sanctions. The administration of US President Joe Biden, amid rhetoric about plans attributed to the Russian Federation for a possible invasion of Ukraine, began sending additional troops to Europe. Moscow has repeatedly denied such accusations, saying that it does not threaten anyone and does not intend to attack anyone, and claims of «Russian aggression» are used as an excuse to deploy more NATO military equipment near Russian borders.
The Italian Foreign Minister called Russia indispensable for gas supplies to Europe
