Overview
- Oreshkin said Russia is redirecting oil and gas shipments toward faster‑growing economies in East and South Asia, the Middle East, Africa and Latin America.
- He framed EU restrictions as Europe’s problem and said Moscow will prioritize market demand rather than Brussels’ decisions.
- The EU’s 19th sanctions package adopted in October lists 63 individuals and entities and 117 tankers and sets a phased halt of Russian gas imports starting April 2026.
- He described a medium‑ to long‑term strategy to preserve export revenues by diversifying markets and supply routes, requiring major investment and coordination with producers such as OPEC.
- As part of his argument, he cited a reported 6% drop in German industrial output versus 2021, attributing it to current energy policy.