US EditionEU Has Imported €209bn of Russian Fuel Since Start of the War
- Since Russia's invasion of Ukraine in February 2022, the EU has imported €209 billion worth of Russian fossil fuels, sustaining significant energy trade despite the conflict.
- This continued trade results from a complex balance between Europe's energy needs, political divisions, and concerns over short-term price rises, causing cautious progress on sanctions.
- In addition to direct imports, Russian crude oil is processed in refineries in Turkey and India and resold to sanctioning countries, circumventing sanctions via a 'refining loophole.'
- CREA estimates Russia earns about $652 million daily from fossil fuel exports, with EU payments for Russian hydrocarbons exceeding aid provided to Ukraine and fueling Russia's war effort.
- This situation implies Western dependency on Russian energy prolongs the conflict, prompting calls for stronger enforcement of sanctions and closing legal loopholes to reduce Kremlin revenues.
19 Articles
19 Articles
EU countries have bought oil and gas from Russia for three times more than Ukraine has received in subsidies since the war began. – There is no real desire to
EU has imported €209bn of Russian fuel since start of the war
The EU and Ukraine’s Western allies have paid more to Russia for its fuel than they’ve provided in aid to Ukraine. Data from the Centre for Research on Energy and Clean Air shows Russia earned over $233 billion from fossil fuel exports to EU countries between February 2022 and February 2025. In contrast, total aid allocated to Ukraine during the same period amounted to $73 billion. What’s more, in the past year alone, Europe’s gas imports from R…
Despite sanctions, Russia still earns good money with oil and gas exports. What else has an impact?
Russia won’t agree a ceasefire in Ukraine while Europe continues to fund Putin’s war
Russia has earned three times what Ukraine has received in aid in the last three years and much of the money comes from Europe, World affairs editor Sam Kiley writes. There will be no ceasefire while the Kremlin has an oil-based slush fund
Russian Pipeline Gas Exports to Europe Rose 10% m/m in May, Data Shows - Energy News, Top Headlines, Commentaries, Features & Events
(Reuters) – Russian energy giant Gazprom’s average daily natural gas supplies to Europe via the TurkStream undersea pipeline increased by 10.3% in May from a month earlier, Reuters calculations showed on Monday. Turkey is the only transit route left for Russian gas to Europe after Ukraine chose not to extend a five-year transit deal with ...
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