Kirill Dmitriev, the CEO of the Russian Direct Investment Fund (RDIF), commented on the evolving energy dynamics in Europe amid the ongoing energy crisis. He noted that the European Union is becoming more pragmatic and is starting to rectify its previous mistakes, stating, "Europe needs Russia to survive." Dmitriev's remarks follow a Bloomberg report indicating that the EU is considering a temporary freeze on its price cap on Russian oil, which was established last year to be 15% below market price and is subject to revision every six months. The current cap, set at $60, may be raised to $65, but the EU is contemplating freezing it to mitigate rising energy costs exacerbated by the conflict surrounding Iran and the closure of the Strait of Hormuz. This situation highlights Europe's increasing reliance on Russian energy supplies as it navigates the complexities of the current geopolitical landscape.