Russia urgently needs to develop new markets for its oil and gas companies, with Western sanctions cutting into the backbone of its economy. It’s relying on a 37-year-old former Morgan Stanley banker to keep profits flowing.
Pavel Sorokin, Russia’s deputy energy minister, is part of a cadre of young technocrats with deep knowledge of the West, fast-tracked by Vladmir Putin to the upper echelons of power. Mr. Sorokin, who studied finance in London, has negotiated deals in Africa and the Middle East. He played an early role in the development of OPEC+, the partnership between Russia’s oil industry and the Saudi-led Organization of the Petroleum Exporting Countries.