Former Prime Minister of Russia Dmitry Medvedev suggested in a situation with the collapse of cost of oil to use the country’s expertise in the gas sector to search for optimal paths of the crisis.
Deputy Chairman of the security Council of Russia Dmitry Medvedev stated on his Facebook page an offer to sell Russian oil on the background of the severe crisis the industry on the principle of take or pay.
According to the former Prime Minister, in this situation, Russia could use its experience in the gas sector.
“based on the experience in the gas sector offer to sell oil on the principle of take or pay”, – wrote Medvedev, noting that the Russian side is ready to discuss this option with partners.
in addition, the politician noted that the current oil market situation is very much like a cartel.
