Russia to Review Energy Supply Chains Amid Middle East Crisis - Tsyviliev

© Правительство РФ

The conflict in the Middle East is forcing Russia to reconsider its logistics for petroleum product deliveries and choose countries with the lowest risks, according to Russian Minister of Energy Sergei Tsyvilev, as reported by TASS.

"From the perspective of the blockade of the strait, we all understand that any supply chain can now be under attack. Therefore, we are now rethinking these supply chains of energy resources that we will be making. Of course, we will primarily deliver energy resources to our closest neighbors with whom we have borders, where there are fewer risks, and we will also reconsider other logistics for the delivery of petroleum products," he emphasized.

He believes that the entire global economy will have to build a new system of logistics chains.