Russia entered 93,000 million euros from the sale of hydrocarbons in the first 100 days of war

Russia received 93,000 million euros from fossil energy exports during the first 100 days of the war against Ukraine, most of them from the European Union, according to a report by an independent research center.

The publication by the Finland-based Center for Research on Energy and Clean Air (CREA) comes at a time when Ukraine is pressuring Westerners to break ties with Russia so as not to feed the coffers of the Kremlin that sustain the war.

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The European Union recently decided to impose a progressive embargo – with exceptions – on oil imports from Russia. At the moment the gas, on which the block is very dependent, is not affected.

According to this study center, the EU represents 61% of the sales of hydrocarbons Russians, equivalent to 57,000 millions of euros in the first 100 days of the war. By country, the largest importers were China with 12,600 millionsGermany, with 12.100 millions and Italy with 7,800 millions.

The main income of Russia come from the sale of crude oil (46,000 millions) followed by gas sent by pipeline (24,000 millions) and lastly petroleum derivatives, liquefied natural gas and coal.

Although exports fell in May and Russia was forced to sell at discounted prices on international markets, the country benefited from rising global energy prices.

The report highlighted that some countries such as Poland, Finland and the Baltic States made efforts to reduce their imports while others such as China, the United Arab Emirates and France increased their purchases.

Source: Elcomercio

Ronald Payne

I, Ronald Payne, am a journalist and author who dedicated his life to telling the stories that need to be said. I have over 7 years of experience as a reporter and editor, covering everything from politics to business to crime.