The world system built on the absolute dominance of the US and its allies is undergoing a painful transformation, said Igor Sechin, CEO of Rosneft, speaking at the Doha Forum and called for attention to the fact that the economic background that accompanies political decisions is often the main reason for their implementation.

The CEO of Rosneft reminded that in the historical past it was not customary to hide the economic motives of wars.  «Conquests of trade routes and military booty, campaigns for slaves, gold and spices; eventually all colonial wars were outright robbery, which continued for hundreds of years, though even then covered up by religious or civilizing mission. The Aztecs, Mayans and Incas<...> are well aware of this», - Igor Sechin noted.   According to him, the total political and ideological cover-up of the true objectives of the war is a tradition that has not just survived, but has acquired complete and perfect forms over time. «I would like to remind that to this day, the U.S. Constitution still has the 14th Amendment, which prohibits a claim for compensation for freed slaves who were considered the property of the owner»,- Igor Sechin said.   The head of Rosneft noted that World War I began as a war for the redistribution of colonies between the old colonizers and the new ones, who were offended by the initial division of the world. The dramatic robbery of defeated Germany was one of the reasons that led to World War II, the main beneficiary of which was the United States, which gained enormous economic advantages over the war-ravaged economy of old Europe « This system, built on the absolute domination of the US and its allies, is undergoing the painful transformation we are witnessing at the moment»,- Igor Sechin said.

In his report, Igor Sechin emphasized that sanctions destroy the institution of contractual obligations, the legal system itself, and ultimately the global market as a whole. «In 1971, America finally abandoned the gold backing of the dollar, turning it into an instrument of unrestricted emission. The subsequent collapse of the Soviet Union and creation of a unipolar system following the take-down of its historical opponent eventually led to the erosion of the very foundations of democracy»,- Igor Sechin added.

The CEO of Rosneft noted that the competitive environment has been destroyed by the creation of preferences and benefits, and it is now being replaced by unilateral sanctions imposed by the U.S. and its allies. «Sanctions are destroying the previously inviolable institution of contractual obligations, the legal system itself, and, as a result, the social sphere and, ultimately, the global market»,- Igor Sechin said.   «Over the last 20 years, we see that the number of U.S. sanctions has exceeded 15,000 , plus 5,000 sanctions imposed by their European allies . Unfortunately, the energy sector, due to its demand and importance, has become an instrument of special attention and pressure. The redistribution of the global energy market as a result of sanctions` massive application, destruction of competition, destruction of long-term contracts and supply chains is characterized today by price volatility, risks of shortages, and false “green” transition goals»,- Igor Sechin stated.

Rosneft Information Division
Rosneft Oil Company
December 7, 2024