economy
March 7, 2026
Dmitriev predicts start of era of total energy collapse in EU
"By refusing Russian energy, the EU has shot itself in the foot so many times that no feet are left," Chief Executive Officer of Russian Direct Investment Fund Kirill Dmitriev said
TL;DR
- Kirill Dmitriev predicts an impending era of bankruptcy and total energy collapse in Europe.
- He attributes this to the EU's decision to cut off Russian gas supplies, driven by leaders like Ursula von der Leyen and Kaja Kallas.
- The EU Council has approved a ban on Russian LNG and pipeline gas imports, with full implementation by late 2027 and earlier restrictions on short-term contracts.
- President Putin has stated Russia could initiate an exit from the European market and redirect supplies to more interested buyers.
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