Russian energy exports will face significant challenges, according to the head of the International Energy Agency (IEA)

Russia will likely lose its energy battle with the West, according to Fateh Berol, executive director of the International Energy Agency (IEA), because the amount of crude oil purchased by China and India won't be enough to make up for the decrease in shipments to Europe. Berol told CNBC's Joumanna Bercetche at the World Economic Forum in Davos, Switzerland, "Europe is suffering huge economic issues, but for Russia, Europe was a v....