Russia will receive surplus profits through energy trade through 2023 - energy expert Ryabtsev

Energy expert Gennady Ryabtsev said this on Espreso.

"We are not talking about any losses during the initial period of the sanctions. Russia will receive excess profits from the trade in energy carriers this year and next. Rather, even the whole of next year. It is quite clear why the EU and the G7 are trying to limit these profits," he said.

According to the expert, the wrong tactics were chosen.

"They are trying to interfere with what has been built up for decades. It is about the operation of the market. It is necessary to limit the appetites not of energy companies, but of financial speculators, who led to that gas quotes are $2,800/1,000 cubic meters, and oil is about $90 per barrel. Although gas should cost $700/1,000 cubic meters, and oil - $40-50 per barrel," Ryabtsev concluded.