Alexander Novak took part in the Day of the International Institute of Energy Policy and Diplomacy at MGIMO.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Deputy Prime Minister Alexander Novak discussed the global energy situation and the role of the fuel and energy sector in today's geopolitical realities at the International Institute of Energy Policy and Diplomacy (IIEP) Day at MGIMO.

The Deputy Prime Minister noted the crucial importance of energy for the global economy, the importance of stable and reliable energy sources, and the implementation of modern technologies in this area, which ensure the increased efficiency necessary to meet the growing demand for energy resources. The domestic fuel and energy sector occupies a special place in this regard.

"Russia, as one of the world's leading energy powers, has demonstrated resilience in the face of severe restrictions, as well as confident development in both the economy and the energy sector. We have managed to withstand this and diversify our energy supply routes: today, approximately 90% of our energy is sold in the markets of friendly countries," said Alexander Novak.

As part of MIEP Day, Alexander Novak presented letters of gratitude to the institute's management and staff for their contributions to the development of the fuel and energy sector and the human resources potential of the country's fuel and energy sector, as well as their achievements in research and teaching. The Deputy Prime Minister noted the high potential and level of training of the university's students.

"The students studying at MIEP today are our future. You will be implementing the country's energy policy, maintaining its energy security, ensuring international relations, and developing trade and economic cooperation," the Deputy Prime Minister emphasized.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.