Moscow’s warning: “The greatest energy crisis in history is approaching”

Oil at 150, perhaps 200 dollars a barrel. And an Europe forced back to its knees to beg Russia for energy. This is the scenario painted by Kirill Dmitriev, Special Envoy of the Russian President for Investment and International Economic Cooperation, and CEO of the Russian Direct Investment Fund.

“We have developed forecasts that confirm the arrival of the most powerful energy crisis in history for the European Union and the United Kingdom. Neither Europe nor the UK are remotely prepared. On the contrary, they have shot themselves in the foot by abandoning Russian energy resources.”

Kirill: “Europe will come to beg us”

The rise in crude oil prices, driven by tensions in the Persian Gulf and the Iranian crisis, is viewed by the Kremlin as a strategic advantage to be capitalized on: “What is happening is overall positive for Russia,” he stated, “because our oil and gas reserves and our ability to diversify supplies globally, with a particular focus on BRICS countries, will undoubtedly strengthen Russia’s position on international markets.”

According to Kirill, Russia will receive many requests from Europe and the UK for Russian energy resources: “Our forecast is very clear: Europe and the UK will implore Russia, and Moscow will make the necessary decisions.”

Gas, oil, and fertilizers: the triangle of Russian power

According to Dmitriev, the game is not only being played on energy. Russia is also in a position of strength in the fertilizer market, a strategic sector for global food security.

“Russia is in a position of absolute strength because we are a major producer not only of oil and gas but also of fertilizers,” he emphasized, highlighting the scale of the crisis in the fertilizer markets and the European agricultural sector. “On this front as well,” he concluded, “Russia finds itself in a very solid position.”

Photo Peggy und Marco Lachmann-Anke da Pixabay.com