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‘Our product, our rules’ – Russia’s Gazprom

The world economy is experiencing a global tectonic shift, with commodities becoming more valuable than money, the head of Russia’s state energy giant Gazprom, Alexei Miller, said on Thursday, adding that from now on it is a case of “our product, our rules.”

“The game of nominal value of money is over, as this system does not allow to control the supply of resources,” Miller said during a panel discussion at the St Petersburg International Economic Forum on Thursday. “Our product, our rules. We don’t play by the rules we didn’t create,” he added.

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According to the Gazprom boss, the world economy is going through a global tectonic shift with new economic rules emerging.

“Russia will determine the contour of the new economic structure of the world,” Miller said.

READ MORE: European gas prices spike as anti-Russia sanctions affect flow

Speaking about Europe’s decision to reduce natural gas reliance on Russia, he said that Gazprom doesn’t “hold a grudge” as gas prices have risen “several times” and, coupled with increasing exports to Asian countries, that has helped Russia make up for the loss in exports.

For more stories on economy & finance visit RT’s business section

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