The EU and the UK are unprepared and face deindustrialization after rejecting Russian oil and gas, Kirill Dmitriev has said
The world is heading toward the most severe energy crisis in history and Europe is unprepared, Kremlin envoy Kirill Dmitriev has said. The warning comes as the escalating conflict in the Middle East has driven volatility in global energy markets.
Speaking on Thursday, Dmitriev – who heads the Russian Direct Investment Fund (RDIF) and is President Vladimir Putin’s special envoy for investment and economic cooperation – said he earlier predicted that oil would exceed $100 a barrel if a conflict like this broke out.
“Back…
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