Valdai Club

The possibility of introducing an “oil embargo” has been eliminated due to its unprofitability and ineffectiveness. The current escalation of the Palestinian-Israeli conflict demonstrates the lack of unity among Arab and Islamic countries on the issue of pressure on Israel and its Western allies. This is due to a number of reasons.

Russian companies ready to offer energy projects designed to help friendly African countries reinforce their technological sovereignty along the entire competence chain, from capacity building to setting up enterprises in Africa, as well as enable their African partners to blend into manufacturing and logistics chains in Russia and elsewhere, writes Igbal Guliyev, Deputy Director of the MGIMO International Institutу for Energy Policy and Diplomacy,

Today, the low oil prices are beneficial for the world’s largest consumers, primarily for China, which is about to recover from the coronavirus and resumes its industrial growth rates.