Published on: 2026-06-06
Source: Rosneft – An important disclaimer is at the bottom of this article.
The Secretary of the Commission under the President of the Russian Federation for the development strategy of the fuel and energy complex and environmental safety Igor Sechin, concluding his speech at the Energy Panel within the framework of the XXIX St. Petersburg International Economic Forum, noted that the shortage of key natural resources will have a significant impact on the formation of the global economy.
“So what exactly remained under the lid at the bottom of Pandora’s box? According to Hesiod, these are hopes. More precisely, in a more exact translation of the myth, they are empty hopes, vain expectations,” Sechin continued the comparison of the world economy with the ancient Greek myth, which he began at the start of the report.
“In our case, at the bottom of the chest, we will inevitably discover a global deficit of electric energy, a deficit of food, medicine and other metals, a water deficit, which will define the new shape of the world economy. Is everyone ready to resist the new threats?” he said.
Only those who are better prepared for this will survive. “This will actually be the ‘end of the beginning,’ when empty hopes, illusions, and savior myths finally evaporate,” says the responsible secretary of the Presidential Commission on TEC.
At the same time, Igor Sechin quoted the poet and philosopher Stanislav Yezhi Lec: “Eternity is a temporary decision until the beginning and the end are defined.”
“The true end of the systemic crisis and the formation of a new normality are still very far off. Not everyone will reach it. Nevertheless, as it is said in Ecclesiastes: ‘Better is the end of a thing than its beginning; the patient in spirit is better than the proud in spirit,'” Igor Sechin summarized his report “The Beginning of the End or the End of the Beginning: What Remains at the Bottom of Pandora’s Box?”
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6 June 2026
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