Russia gained €93bn from fossil fuel exports

Countries spent almost €93 billion (£79.8bn) on Russian energy imports within the first 100 days since the tragic war in Ukraine began.

A report from the Centre for Research on Energy and Clear Air (CREA) reccomends from 24th February until 3rd June the EU imported nearly 61% of the total amount of energy products exported from Russia.

That was worth almost €57 billion (£48.9bn), according to the investigation.

The total revenue comprises an estimated €46 billion (£39.4bn) for crude oil, €24 billion (£20bn) for pipeline gas, €13 billion (£11.1bn) for oil products, €5.1 billion (£4.3bn) for LNG and €4.8 billion (£4.1bn) for coal.

The CREA also identified that the biggest importers were China spending €12.6 billion (£10.8bn), Germany with €12.1 billion (£10.3bn) worth of imported energy, Italy and the Netherlands with €7.8 billion (£6.6bn).

Last month, Europe settled to embargo 90% of Russian oil imports by the end of the year.

Russia gained €93bn from fossil fuel exports

, , , , , , , , , ,
Previous Post
Exxon is making alot of money
Next Post
Government may cut links between electricity and gas prices

Related Posts

More spent on tech services than on utility bills

More spent on tech services than on utility bills: Consumers in the UK spend less on utilities than they do on tech such as TV subscriptions, mobile phone contracts and music streaming services. A new study from mobile network operator O2 has shown, which found compared to an annual budget of £1,491 for utilities, consumers…
Read More

7 Expenses We Don’t Usually Cover In Our Financial Plans

7 Expenses We Don’t Usually Cover In Our Financial Plans:   Life has a funny way of throwing things at us unexpectedly. Sometimes this can be a good thing, but when it comes to money, it’s usually the bad kind of surprise. The best thing to do is make sure you are prepared by building…
Read More

Subscribe to our newsletter!

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

British Utilities will use the information you provide on this form to be in touch with you and to provide updates and marketing.