Dmitriev: Many Start to Recognize Role of Russian Oil and Gas in Global Economic Stability

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Western countries are beginning to recognize the ineffectiveness of sanctions against Russia and the crucial role of its oil and gas in the global economy, according to Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF) and special representative of the Russian president for investment and economic cooperation with foreign countries, following talks with U.S. representatives.

"Today, many countries, primarily the United States, are starting to better understand the key, systemic role of Russian oil and gas in ensuring the stability of the global economy, as well as the inefficiency and destructive nature of sanctions against Russia," Dmitriev wrote on Max (a Russian social media platform).

Dmitriev noted that the meeting of the working group on Russia-U.S. economic cooperation addressed both the current crisis situation in global energy markets and prospective projects that could contribute to the restoration of Russian-American relations.