Fuel Crisis Looms for EU and UK, Russian Official Predicts

A fuel crisis is expected to hit the European Union and the United Kingdom within the next two to three weeks, according to Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF) and a special presidential representative for investment and economic cooperation. Dmitriev made the prediction on the social media platform X, suggesting fuel rationing will grow “inevitable.”

Dmitriev’s Forecast and Claims

Dmitriev stated that the crisis will be “obvious” in the UK and EU within the specified timeframe. He also indicated that EU countries may be forced to seek Russian energy resources to mitigate the crisis [Pluralia]. He further suggested that natural gas prices in Europe could be 100% higher than previously projected for 2026 [Pluralia], impacting both industry and households.

Context and Background

Kirill Dmitriev has been the CEO of the RDIF, a Russian government-backed sovereign wealth fund, since 2011 [Wikipedia]. The RDIF invests in the Russian economy. His recent statements come amid ongoing geopolitical tensions and shifts in energy markets.

Previous Predictions

Dmitriev’s prediction follows a previous statement indicating that Europe would “inevitably start begging for additional volumes of Russian gas” [Pluralia].

Confirmation and Additional Reports

Reports from RIA Novosti and Sputnik International also highlighted Dmitriev’s forecast of fuel rationing in the UK and EU [Nampa], [Sputnik].