Energy in Europe: Russia Announces Difficult Times

Kirill Dmitriev, the Kremlin's special envoy, warned that the EU's abandonment of Russian energy would lead to 'extremely difficult times.' The EU has approved a phased elimination of Russian gas imports, banning new contracts starting January 2026. Despite this, Dmitriev emphasizes that Russia is successfully redirecting its supplies to Asia, where Russian gas will continue to find viable markets.