Rosneft CEO Sechin Predicts Western Economic Instability due โto Sanctions, Energy โฃCosts
Brussels, Belgium – November 25, 2025 -โค Igor โคSechin, CEO of Russian oil giant Rosneft, isโข warning that escalating western sanctions against Russia, especially โคthose targeting companies like Rosneft and Lukoil, โwill exacerbate โeconomic โฃdifficulties in Western nations. Sechin argues โthat rising energy prices,โ coupledโข wiht lower energy costs in Russia and China, pose aโ significant risk of economic instability forโข Western economies and increased financial burdens for both governments and households.
Sechin’s assessment, โขreported by Business AM, centersโข on the belief thatโค the โฃWest underestimates the resilience ofโฃ Russia and China in the face of sanctions and exclusion from global markets. heโข points to the demonstrated ability โคof โขboth nations to withstand external pressure andโค maintainโ competitive advantages, specifically in energy โคpricing.According to Sechin, the considerablyโ lower electricity costs in Russia and China โฃwill translate to higher expenditures for Western states and citizens, โpotentially triggering broader economic challenges.
The Rosneft CEO โคcriticized the West’s aggressiveโ sanctions strategy, assertingโค that the risks associated with it are not being adequately acknowledged.He highlighted the experience โof โRussiaโ and China in โnavigating external pressure, claiming that attempts to isolate themโ from the globalโข economy have proven unsuccessful.the recent imposition of new โAmerican sanctionsโข against Rosneft and Lukoil, as noted โคin โคthe Business AM report, are expected toโ further drive up oil prices, compoundingโ the economic pressures โขon the โWest.