Support 100 years of independent journalism.

  1. Chart of the Day
28 April 2022

Europe’s fossil fuel imports have funded Russia’s war

EU countries have bought €44bn of Russian energy since the invasion of Ukraine began.

By Afiq Fitri

More than €60bn worth of fossil fuel imports have sailed into Russia’s coffers since the war began, according to a new analysis of oil, gas, coal shipments and pipeline exports released by the Centre for Research on Energy and Clean Air (CREA) today (28 April).

Germany remains the biggest importer of Russian fossil fuels, purchasing approximately €9.1bn worth of coal, crude oil and pipeline gas in the past two months. Other European countries including Italy, the Netherlands and France have also collectively paid more than €16bn for fossil fuel imports.  

The data shows that countries across the European Union account for more than 70 per cent of Russia’s profits from oil, gas and coal (€44bn) since the invasion of Ukraine started on 24 February.  

 

 

Analysts from CREA also said they tracked fossil fuel deliveries to facilities or ships linked to major oil companies including ExxonMobil, Shell, Total, Repsol and BP, while a quarter of Russia’s fossil fuel shipments arrived in ports located in the Netherlands, Italy, Poland and Belgium.  

These findings highlight the difficulties in preventing Russia from exploiting its dominance in the global energy market, despite a raft of sanctions and declining volumes of fossil fuel exports. The ongoing imports of oil and gas through pipelines coupled with soaring fuel prices have meant that Russia’s export revenue is still higher than in previous years, according to the CREA.  

“Every drop of oil bought and shipped from Russia is another drop of Ukrainian blood spilled, and every piece of Russian coal is another bullet fired into Ukrainians,” said Kostiantyn Krynytsky, head of the energy department at the Ukrainian NGO Ecoaction. 

Select and enter your email address Quick and essential guide to domestic and global politics from the New Statesman's politics team. A weekly newsletter helping you fit together the pieces of the global economic slowdown. The New Statesman’s global affairs newsletter, every Monday and Friday. The best of the New Statesman, delivered to your inbox every weekday morning. The New Statesman’s weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. Our weekly culture newsletter – from books and art to pop culture and memes – sent every Friday. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. A newsletter showcasing the finest writing from the ideas section and the NS archive, covering political ideas, philosophy, criticism and intellectual history - sent every Wednesday. Sign up to receive information regarding NS events, subscription offers & product updates.
  • Administration / Office
  • Arts and Culture
  • Board Member
  • Business / Corporate Services
  • Client / Customer Services
  • Communications
  • Construction, Works, Engineering
  • Education, Curriculum and Teaching
  • Environment, Conservation and NRM
  • Facility / Grounds Management and Maintenance
  • Finance Management
  • Health - Medical and Nursing Management
  • HR, Training and Organisational Development
  • Information and Communications Technology
  • Information Services, Statistics, Records, Archives
  • Infrastructure Management - Transport, Utilities
  • Legal Officers and Practitioners
  • Librarians and Library Management
  • Management
  • Marketing
  • OH&S, Risk Management
  • Operations Management
  • Planning, Policy, Strategy
  • Printing, Design, Publishing, Web
  • Projects, Programs and Advisors
  • Property, Assets and Fleet Management
  • Public Relations and Media
  • Purchasing and Procurement
  • Quality Management
  • Science and Technical Research and Development
  • Security and Law Enforcement
  • Service Delivery
  • Sport and Recreation
  • Travel, Accommodation, Tourism
  • Wellbeing, Community / Social Services
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy

Topics in this article: