Dmitriev: Oil Above $100 Per Barrel Makes Russia’s Voice “Heard” Globally, Europe Will Pay a Heavy Price

Middle East News Network: The head of the Russian Direct Investment Fund, Kirill Dmitriev, stated that rising oil prices above $100 per barrel strengthen Russia’s economic and geopolitical weight, warning that Europe will pay a heavy price.
Dmitriev wrote on his Telegram channel: “Oil above $100 — and Russia’s voice in the global economy and geopolitics becomes more audible. Reality is regaining control: ignoring Russia is impossible.”
His remarks came after the price of Brent crude oil exceeded $110 per barrel on Monday for the first time since July 2022, amid military escalation in the Middle East, the U.S.–Israeli war on Iran, and the closure of the strategic Strait of Hormuz used by oil tankers.
Dmitriev added that Russia is “a key energy supplier, and without it, global stability and a sustainable model for global growth cannot be achieved.”
He concluded by saying: “Europe will have to pay a heavy price for the mistakes of European bureaucrats and their anti-Russia policies.”
Dmitriev had previously stated that Europe’s rejection of Russian energy resources was a strategic mistake, writing on the platform X: “Even the Financial Times is now echoing the Kremlin’s talking points: Europe’s deficit is spreading to the energy sector.”
The head of the Russian Direct Investment Fund explained that this not only increases energy costs but also makes Europe more vulnerable to energy shocks.
Source: RT.