April 27, 2025
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‘An energy war is being waged’: former oil boss warns of price rises after Ukraine infrastructure attacks

‘An energy war is being waged’: former oil boss warns of price rises after Ukraine infrastructure attacks

Andriy Kobolyev calls for more weapons after Russia destroys one of Ukraine’s largest power plants

A dramatic rise in European energy prices is inevitable if the Russian destruction of Ukrainian energy infrastructure continues unabated, the former chief executive of Ukraine’s state-owned oil company has warned.

Andriy Kobolyev, a former head of Naftogaz, said in an interview with the Guardian: “Russia is trying to wage a global energy war and Ukraine is part of that war and if the markets perceive that Russia is winning that war the consequences will be very serious. You will see a spike in prices all round the globe”.

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