European countries lost €3 trillion by ditching Russian energy, says RDIF CEO
Quick Look
RDIF CEO Kirill Dmitriev stated that European countries have lost approximately €3 trillion since ceasing to purchase Russian energy, warning that this decision is pushing their economies towards collapse.
AI-generated summary
Why It Matters
Russian president's special envoy for investment and economic cooperation with foreign countries and CEO of the Russian Direct Investment Fund, Kirill Dmitriev, spoke at the St. Petersburg International Economic Forum. He discussed the economic impact of European countries weaning themselves off Russian energy.
ST. PETERSBURG, June 3. /TASS/. European countries have lost about €3 trillion since they weaned themselves off Russian energy, Russian president’s special envoy for investment and economic cooperation with foreign countries and CEO of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev told reporters on the sidelines of the St. Petersburg International Economic Forum on Wednesday.
"Germany and other European countries can see that they have lost around €3 trillion because of their refusal to buy Russian energy as they are actually pushing their economy to the brink of collapse," he said as he defended the case for what he called "creative" European forces and politicians attending the SPIEF.
"We will also hold a meeting and a panel discussion with members of the Alternative for Germany party which, too, pushes for restoring Nord Streams and which favors reviving the partnership with Russia," Dmitriev added.
What to Watch
AI outlook — possibilities, not facts
Restoration of Nord Streams and revival of partnership with Russia.
Speculative · Long term
Open Questions
- What specific data supports the €3 trillion loss figure?
- What are the specific economic consequences for Germany and other European countries?
- What are the details of the planned meeting with the Alternative for Germany party?
- What are the proposed 'creative' solutions for European economies?
