On October 16, 2026, at the international forum "Russian Energy Week," Deputy Prime Minister of the Russian Federation Alexander Novak delivered a statement confirming Moscow's readiness to contribute to the stabilization of the global energy market. According to the Deputy Prime Minister, Russia intends to maintain its key role in ensuring global energy security through long-term partnership mechanisms with energy consumers. The speech came against the backdrop of a noticeable rise in oil and petroleum product prices, making supply stability particularly relevant for global market participants.
Price Dynamics: Nearly Double Growth Since the Beginning of the Year
One of the central themes of Alexander Novak's speech was the assessment of the current price environment. The Deputy Prime Minister noted that global oil and petroleum product prices at the time of the forum were almost twice as high as at the beginning of 2026. Such dynamics, he said, underline the need to build stable long-term contracts and mechanisms capable of mitigating volatility. Novak emphasized that Russia remains a reliable supplier of energy resources to global markets, including Asian countries, where demand for raw materials and finished products remains high.
Protection of Energy Infrastructure from UAV Threats
A separate block of the statement was devoted to the physical protection of energy facilities. Alexander Novak announced that Russia is strengthening measures to protect its energy infrastructure from the threat of unmanned aerial vehicle attacks. Among the listed measures are the strengthening of air defense systems, the deployment of additional protection options for critical facilities, and the development of cooperation with partner countries in this area. According to the Deputy Prime Minister, such steps are aimed at ensuring supply continuity in an unstable global market and minimizing risks for consumers.
Long-Term Partnership as the Foundation of Energy Security
Concluding his speech, Alexander Novak emphasized that efforts to protect infrastructure and maintain export flows are viewed in Moscow not as one-off measures, but as an element of long-term strategy. Russia's readiness to participate in market stabilization, he said, is implemented through maintaining supply volumes, developing logistics routes, and deepening dialogue with key buyers. Thus, the "Russian Energy Week" forum once again confirmed its status as a platform where the priorities of Russian energy policy are formulated for the medium and long term.
