Russian Deputy Prime Minister: Without Russian oil, the market will not be able to achieve balance.

Russian Deputy Prime Minister Novak stated that without Russian oil, the global market would hardly achieve supply-demand balance, and added that sanctions against Russia would only harm the global economy. He pointed out, "Russia is an important participant in the energy market, and we will supply energy resources to the market. I believe that without Russian oil, the market will not be able to achieve balance." Novak also emphasized, "Sanctions disrupt the global energy balance and affect long-term investments needed to meet the growing global energy consumption."