A Eurostat publication released on 28 March highlights significant changes in EU crude oil imports and prices since the beginning of 2022.
While until the end of January 2022, before the Russian invasion of Ukraine, imports from different sources remained relatively stable (with Russia as the main source of imports), the situation became more complex in the following months.
Russia’s share of total EU imports fell from 24% to 31% at the end of January 2022 to 12% in May 2022. However, the...