Pessimistic forecast: Russia's energy exports to decline sharply

12:56 - 3.09.2021


September 3, Fineko/abc.az. According to Sberbank's forecast, Russia's energy exports as a result of the energy transition may decrease by $179 billion by 2035.

ABC.AZ reports with reference to the Russian press that this was stated by the head of Sberbank, German Gref.

According to the bank's research, the reduction will amount to $192 billion by 2050:

"Of course, we are talking about the direct use of fuel in the form of energy sources. If Russia manages to turn gas and petrochemical technologies into more eco-friendly systems, then it will be possible to see other figures."