The world has funded putin’s war for €63 billion since russia’s invasion of Ukraine: the EU has the largest share

Since February 24, exports of fossil fuels from russia by sea and pipelines are estimated at 63 billion euros, 71% of this amount (44 billion) is accounted for by the European Union

This was stated in its analysis by the Centre for Research on Energy and Clean Air (CREA), published by the Center for Environmental Initiatives Ecodia.

The largest importers of russian fossil fuels in the last two months were:

• Germany (9.1 billion euros),
• Italy (6.9 billion euros),
• China (6.7 billion euros),
• The Netherlands (5.9 billion euros),
• Turkey (4.1 billion euros),
• France (3.8 billion euros).

Amidst the war in Ukraine, supplies of coal from russia increased by 20%, and liquefied natural gas, by 50%.

EU gas purchases through the pipeline increased by 10%.

At the same time, in the first three weeks of April, the total volume of oil supplies from russia to foreign ports decreased by 20% compared to the pre-war period (January-February).

russia is redirecting goods that are not accepted by European buyers. There is a clear increase in oil supplies to India, Egypt, and other "unusual" countries for russian exports.

According to analysts, this will not be enough to compensate for the decline in exports to Europe.

To recap, European Foreign Minister Josep Borrell said that EU member states did not agree on a full embargo or increase in tariffs on russian oil and gas imports.

At the same time, the United States and the European Union are discussing ways to reduce russia's oil revenues. Some large consumers of energy have agreed to this.