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Russia doubles fossil fuel revenues since invasion of Ukraine began
(The Guardian, 28 Apr 2022) Country receives about €62bn from exports of oil, gas and coal in two months, with Germany the biggest importer.
Russia has nearly doubled its revenues from selling fossil fuels to the EU during the two months of war in Ukraine, benefiting from soaring prices even as volumes have been reduced.
Russia has received about €62bn from exports of oil, gas and coal in the two months since the invasion began, according to an analysis of shipping movements and cargos by the Centre for Research on Energy and Clean Air.
For the EU, imports were about €44bn for the past two months, compared with about €140bn for the whole of last year, or roughly €12bn a month.
The findings demonstrate how Russia has continued to benefit from its stranglehold over Europe’s energy supply, even while governments have frantically sought to prevent Vladimir Putin using oil and gas as an economic weapon.
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The Guardian, 28 Apr 2022: Russia doubles fossil fuel revenues since invasion of Ukraine began
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