Russia’s Energy Minister Sergei Tsivilev has said that, owing to the ongoing crisis in the Middle East, Russia is reviewing its energy supply chains and will give priority to neighbouring countries in the provision of energy.
The energy minister told journalists that potential disruptions in the Strait of Hormuz could pose a threat to any energy shipments. For this reason, Russia is reassessing both its current and future energy arrangements.
He said that, in matters of energy supply, preference would be given first to nearby neighbouring states as risks with them are lower, while logistical methods for the transport of other oil and energy products would also be reconsidered.
Tsivilev added that the Middle East crisis is compelling countries worldwide to review their energy supply and logistical chains. He said this presents a major challenge that could affect the global economy and require the establishment of new systems and logistics for energy distribution.
