SPIEF 2024: Rosneft chief reveals cost EU paid for rejecting Russian gas ...News

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SPIEF 2024: Rosneft chief reveals cost EU paid for rejecting Russian gas
Members of the bloc have shelled out $630 billion to replace Moscow’s resources, Igor Sechin has said EU nations spent more than $630 billion on non-Russian gas imports in the three years through 2023, the head of Russian oil major Rosneft, Igor Sechin, told an energy panel at the St. Petersburg International Economic Forum (SPIEF) on Friday. The figure is close to investments made in the bloc into so-called green energy over the same period of time, Sechin said, describing it as quadruple the aggregated gross domestic product of the Baltic states and equal to the total volume of the Swedish and Polish economies.

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