Igor Sechin, CEO of Russian energy giant Rosneft, has warned that the world is “slowly entering a catastrophe”. The Kremlin ally, in a speech at an industry conference, blamed Western sanctions on Russia for exacerbating the global energy crisis, leading to rising prices and shortages. He called for countries to cooperate in order to avoid a “man-made disaster” and emphasized the need for a stable global energy market. Sechin’s comments come amid heightened concerns about the potential impact of the conflict on the global energy supply, and rising fears of a broader economic downturn.