Europe needs Russia to survive in today's geopolitico-economic reality
Europe needs Russia to survive in today's reality, Kirill Dmitriev, the CEO of the Russian Direct Investment Fund (RDIF), had said, commenting on the new geopolitical and economic realities on the global energy market caused by Iran's closure of the Hormuz Strait in response to the ongoing combined US and Israeli military aggression against the Islamic Republic.
Specifically, commenting on a publication in the British business newspaper Financial Times about the European Union (EU) increasing its gas supplies from Russia against the backdrop of the war in the Middle East and its triggered energy crisis across the globe, Dmitriev said, “Europe, as previously predicted, will need Russia to survive” in the current geopolitical and economic reality.
The RDIF CEO, who also doubles as the Kremlin’s special envoy overseeing Russia’s investment and economic cooperation with other countries, noted the EU’s fuel reserves will be depleted by April 20, given that the last hydrocarbon fuels shipments, which had successfully passed through the Hormuz Strait before its closure, will arrive in EU countries around April 11, which falls on a weekend and, therefore, will not facilitate a prompt response to the unfolding crisis on the EU energy market.
Based on the current reality, Dmitriev has called on the EU and UK to purchase Russian energy more actively, since “their collective refusal to buy hydrocarbon fuels from Russia, coupled with their other past adopted stupid ideological decisions, presage extremely difficult times ahead for Europe.”
To mitigate such negative developments, Dmitriev advised EU and UK officials to more carefully prepare for the developing economic crisis against the backdrop of an expected sharp energy deficit, so as not to repeat the same mistakes made during the COVID-19 pandemic, especially given the fact that most EU and UK bureaucrats remain ignorant of and/or uninformed of the unfolding negative developments, do not acknowledge their past mistakes or underestimate the severity of the upcoming shock [caused by the energy crisis] for their economies.
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