Boosted by rising energy prices, Russia’s revenues from fossil fuel exports soared to €63 billion in the first two months of the war in Ukraine, with about €44 billion (71%) of that coming from the European Union, according to a report by the Centre for Research on Energy and Clean Air (CREA), which was published on 28 April.
The EU thus remains the main destination for Russia’s fossil fuel exports. According to the report, six EU ports received a quarter of all shipments of Russian fossil fuels during this period: Rotterdam and Maasvlakte (Netherlands), Trieste (Italy), Gdansk (Poland), Zeebrugge and Antwerp (Belgium).
Germany is by far the largest importer of Russian fossil fuels, according to the CREA ranking, with €9.1 billion paid to Russia, followed by Italy (€6.9 billion), China (€6.7 billion), the Netherlands (€5.6 billion), Turkey (€4.1 billion) and France (€3.8 billion).
While EU imports have fallen since the Russian invasion of Ukraine in the case of Russian oil (-20%) and coal (-40%), its imports of Russian gas have increased (+10% for pipeline gas and +20% for liquefied natural gas).
See the report: https://aeur.eu/f/1f0 (Original version in French by Damien Genicot)