The Wall Street JournalThe Wall Street Journal

Putin’s secret weapon on energy: An ex-Morgan Stanley banker

By Benoit Faucon

02 Mar 2023 · 8 min read

Pavel Sorokin is part of a cadre of young Russian technocrats who know the West well; Putin has put them in "the upper echelons of power" in order to blunt the impact of sanctions, reports The WSJ.

Curated by informed

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.

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