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\u2019s economic and geopolitical weight, warning that Europe will pay a heavy price.
\nDmitriev wrote on his Telegram channel: \u201cOil above $100 \u2014 and Russia\u2019s voice in the global economy and geopolitics becomes more audible. Reality is regaining control: ignoring Russia is impossible.\u201d
\nHis 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.\u2013Israeli war on Iran, and the closure of the strategic Strait of Hormuz used by oil tankers.
\nDmitriev added that Russia is \u201ca key energy supplier, and without it, global stability and a sustainable model for global growth cannot be achieved.\u201d
\nHe concluded by saying: \u201cEurope will have to pay a heavy price for the mistakes of European bureaucrats and their anti-Russia policies.\u201d
\nDmitriev had previously stated that Europe\u2019s rejection of Russian energy resources was a strategic mistake, writing on the platform X: \u201cEven the Financial Times is now echoing the Kremlin\u2019s talking points: Europe\u2019s deficit is spreading to the energy sector.\u201d
\nThe head of the Russian Direct Investment Fund explained that this not only increases energy costs but also makes Europe more vulnerable to energy shocks.
\nSource: RT.<\/p>\n","protected":false},"excerpt":{"rendered":"
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\u2019s economic and geopolitical weight, warning that Europe will pay a heavy price. Dmitriev wrote on his Telegram channel: \u201cOil above $100 \u2014 and Russia\u2019s voice in the global economy and […]<\/p>\n","protected":false},"author":1,"featured_media":452766,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[656],"tags":[],"class_list":["post-452765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-news-in-english"],"jetpack_featured_media_url":"https:\/\/mennews.net\/wp-content\/uploads\/2026\/03\/69ae135d4c59b771581a8073.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mennews.net\/index.php?rest_route=\/wp\/v2\/posts\/452765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mennews.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mennews.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mennews.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mennews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=452765"}],"version-history":[{"count":1,"href":"https:\/\/mennews.net\/index.php?rest_route=\/wp\/v2\/posts\/452765\/revisions"}],"predecessor-version":[{"id":452767,"href":"https:\/\/mennews.net\/index.php?rest_route=\/wp\/v2\/posts\/452765\/revisions\/452767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mennews.net\/index.php?rest_route=\/wp\/v2\/media\/452766"}],"wp:attachment":[{"href":"https:\/\/mennews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=452765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mennews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=452765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mennews.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=452765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}