US President Donald Trump announced on Sunday that the EU had agreed to buy $750 billion worth of American fossil fuels.
“It’s clear that American energy will be significantly more expensive than Russian,” Lavrov told the the 11th All-Russian Youth Educational Forum 'Territory of Meanings'. "It’s clear that this approach will lead to further deindustrialization of Europe and a shift of investments from Europe to the United States."
"Of course, this will be a serious blow—especially energy prices and capital flight—for European industry and agriculture,” he added.
Lavrov noted that figures like European Commission President Ursula von der Leyen openly boast about following that path.