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Russian envoy for economic affairs, Kirill Dmitriyev, stated that Europe still needs Russian oil and gas to ensure its economic security and stability, despite Western sanctions imposed on Russian exports since the outbreak of the war in Ukraine. He affirmed that fluctuations in energy markets resulting from the war in the Middle East and the Hormuz Strait crises have led some countries to adjust their policies toward Russian oil, while Europe continues to import gas via the Druzhba pipeline and buy Russian liquefied natural gas, despite the export ban decision that won't be implemented before 2027. He emphasized that Russian oil and gas are essential for Europe's continued stability, even as European countries continue to impose sanctions on Moscow.
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