cross-posted from: https://lemmy.ml/post/26410527

The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a report marking the third anniversary of the invasion has found.

The EU bought €21.9bn (£18.1bn) of Russian oil and gas in the third year of the war, according to estimates from the Centre for Research on Energy and Clean Air (Crea), despite the efforts under way to kick the continent’s addiction to the fuels that fund Vladimir Putin’s war chest.

The amount is one-sixth greater than the €18.7bn the EU allocated to Ukraine in financial aid in 2024, according to a tracker from the Kiel Institute for the World Economy (IfW Kiel).

  • Saleh@feddit.org
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    2 days ago

    This does play a re role, but relatively smaller one. EDIT: In regards to Russias total export volume piepline gas is only a smaller aspect. For the direct exports to EU the pipeline Gas does play a larger role. Relative to size Slovakia and Hungary import more from Russia, but in absolute terms France, Belgium and Spain are also importing significant amounts of LNG. I have put the graphic from the source at the end.

    https://energyandcleanair.org/december-2024-monthly-analysis-of-russian-fossil-fuel-exports-and-sanctions/

    The most value comes from Oil and Oil products exported by ships. About half of the Russian LNG is also sold to EU countries, but it is a relatively small share of the total amount. You can see that the pipeline gas exports have declined strongly over the course of the war. But Oil only has taken a slight reduction.

    The website also has graphs where the shipments go. For Turkey and India it is known that they help Russia circumvent EU sanctions, so a lot of the crude oil and oil products going there, end up back in the EU again.