Kirill Dmitriev, chief executive of the Russian Direct Investment Fund (RDIF), said at the Future Minerals Forum in Saudi Arabia on Thursday, that the EU’s economic growth had slowed significantly since halting Russian gas imports, while Russia’s economy continues to demonstrate resilience.
“Europe is suffering from not receiving Russian gas, with expected losses of more than €1 trillion,” Dmitriev stated. He previously attributed these losses to the high cost of liquefied natural gas (LNG), which the EU has imported in greater quantities to replace Russian supplies.