Wrong timezone in view

The following time
object(Cake\I18n\FrozenTime) {

'time' => '2018-03-26T11:00:00+03:00',
'timezone' => 'Europe/Moscow',
'fixedNowTime' => false

is printed as “12:00” in my view. Why it is one hour ahead?
My default timezone is also set to Europe/Moscow.

Just a guess but it could be because of daylight saving time (DST). Can you try working in the offset to see if based on the offset you give the time corrected for DST? See;