Rosneft CEO Sechin Predicts Western Economic Instability due to Sanctions, Energy Costs
Brussels, Belgium – November 25, 2025 - Igor Sechin, CEO of Russian oil giant Rosneft, is warning that escalating western sanctions against Russia, especially those targeting companies like Rosneft and Lukoil, will exacerbate economic difficulties in Western nations. Sechin argues that rising energy prices, coupled wiht lower energy costs in Russia and China, pose a significant risk of economic instability for Western economies and increased financial burdens for both governments and households.
Sechin’s assessment, reported by Business AM, centers on the belief that the West underestimates the resilience of Russia and China in the face of sanctions and exclusion from global markets. he points to the demonstrated ability of both nations to withstand external pressure and maintain competitive advantages, specifically in energy pricing.According to Sechin, the considerably lower electricity costs in Russia and China will translate to higher expenditures for Western states and citizens, potentially triggering broader economic challenges.
The Rosneft CEO criticized the West’s aggressive sanctions strategy, asserting that the risks associated with it are not being adequately acknowledged.He highlighted the experience of Russia and China in navigating external pressure, claiming that attempts to isolate them from the global economy have proven unsuccessful.the recent imposition of new American sanctions against Rosneft and Lukoil, as noted in the Business AM report, are expected to further drive up oil prices, compounding the economic pressures on the West.