OREANDA-NEWS  The sanctions policy of the West remains one of the key factors in the development of the Russian energy market, said Vladimir Linnik, Professor of the Department of Economics and Management at the Fuel and Energy Complex of the State University of Management, Doctor of Economics. In conversation with the "Tape.<url>" he described the future of the energy market in Russia.

The key factors in the development of the energy market in the medium term will remain the danger of a recession in the global economy, tightening sanctions pressure, as well as rising costs during the restructuring of supply logistics.
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"According to the Ministry of Economic Development of Russia, the main contribution to economic growth will be made by the recovery of consumer demand after its decline in 2022," Linnik said.

The interlocutor of the "Tape.ru" added that the report of the Ministry of Economic Development states that oil and gas supplies from Russia will decrease by 6.7 percent in real terms in 2023.

"Oil and gas exports will recover due to reorientation to friendly and neutral countries," he concluded.