EU faces energy price ‘tsunami’ – Putin envoy
Photo #46308 20 March 2026, 08:15

The looming shock stems from the bloc’s “stubborn stupidity” by rejecting Russian energy, Kirill Dmitriev has said

An oil and gas price surge is about to hit Europe, Kremlin envoy Kirill Dmitriev has warned, calling the EU’s rejection of Russian energy, “stubborn stupidity.”

The escalating conflict in the Middle East, triggered by the US-Israeli attack on Iran, has driven extreme volatility in global energy markets. Gas prices have spiked by roughly 70% since March 1, amid strikes on energy infrastructure in the Gulf. Oil prices have climbed above $110 per barrel due to disruptions to maritime traffic through the Strait of Hormuz, the conduit for roughly 20% of global supply.

“An oil and gas price tsunami is about to devastate Europe,” Dmitriev said on Thursday on X. The looming disaster “stems from the stubborn strategic stupidity of Russophobes such as [European Commission President] Ursula [von der Leyen] and [EU foreign policy chief] Kaja [Kallas], who rejected reliable and cost-effective Russian energy,” he argued. Moscow has long maintained that it remains a reliable supplier.

An oil and gas price tsunami is about to devastate Europe. It stems from the stubborn strategic stupidity of Russophobes like Ursula and Kaja, who rejected reliable and cost-effective Russian energy.

My posts predicted the EU energy collapse. EU atonement too late now? ⏰

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