Energy imports from the European Union grew significantly between 2021 and 2022, with an increase of 121% in terms of average value. However, the first quarter of 2023 saw a major turnaround, with a significant fall in imports.
According to data published on Tuesday 4 July in a press release by the EU’s statistical agency, Eurostat, the sanctions put in place by the EU in response to Russia’s invasion of Ukraine have had a direct impact on trade in oil and natural gas. In the first...