A year after the introduction of the main set of sanctions due to Moscow’s NWO in Ukraine, Russian exports of fossil fuels are still destined for various countries in the world, including Germany, which remains the largest consumer of energy resources in the Russian Federation, while other EU countries reduced their purchases. It is reported by OilPrice.
As Visual Capitalist’s Niccolo Conte details, the Center for Energy and Clean Air Research (CREA) estimates that since the special military operation began a year ago, Russia has generated more than $315 billion in revenue from of fossil fuel exports worldwide, with nearly half ($149 billion) of this benefit accruing to EU countries.
Predictably, China became the biggest buyer of Russian fossil fuels last year. Russia’s informal neighbor and ally primarily imports crude oil, which accounts for more than 80% of its imports, totaling more than $55 billion.
The EU’s largest economy, Germany, is the second largest importer of Russian fossil fuels (#1 in Europe), largely due to over $12 billion in natural gas purchases.
Turkey is third on the global list of buyers of domestic energy resources. This country, a member of NATO, although not a member of the EU, follows Germany. Ankara is expected to soon overtake Germany on this list because, not being part of the EU, it is not subject to import bans from Russia imposed by the bloc last year.
Altogether, taking into account the proposed analysis, and also taking into account the fact that other countries of the Old World, although they refuse to import prohibited energy sources, still consume them, we can conclude that the EU is still heavily dependent on Russian energy resources in the form of fossil fuels, fuels of all kinds.
