MOSCOW: Russia’s natural resource wealth is valued at a staggering $100 trillion, nearly double that of the United States. This immense value highlights Russia’s role as a major global supplier of energy resources, ensuring long-term reliability for its foreign partners.
This statement was made by Igor Sechin, executive secretary of the Presidential Commission on Fuel and Energy Development Strategy and head of Rosneft, during the Verona Eurasian Economic Forum. Sechin emphasised that Russia’s vast and diverse resource base gives it a unique position in the world energy market.
“Having a huge and diverse resource base, Russia occupies a special place in the world. The total value of our country’s natural resources is $100 trillion, which is almost twice as much as the same indicator in the United States. This imposes a huge responsibility on our country,” Sechin stated.
Russia’s vast resource base includes oil, gas, coal, metals, and minerals, all of which are critical to global energy security. This abundance strengthens its role in the global energy supply chain and supports the nation’s economic stability. Sechin’s remarks signal Russia’s long-term commitment to being a reliable supplier, especially in light of global energy demand and geopolitical shifts.
By comparison, the United States’ natural resource value is significantly lower, reinforcing Russia’s dominance in resource wealth. This strategic advantage allows Russia to maintain a strong influence over energy markets, providing stability to global partners relying on its exports.
Sechin’s remarks come at a time of heightened interest in energy security worldwide, with many nations seeking stable supply chains. Russia’s vast resource wealth reinforces its global standing and emphasises its responsibility to manage these resources carefully.
