EU's imports of Russian LNG elevated 9% year-on-year since 2022, whereas imports from different sources together with the US declined, in accordance with a examine by the Finland-based unbiased analysis organisation Centre for Analysis on Vitality and Clear Air (CREA).
EU paid $8.5 billion for Russian LNG in 2024, having struggled to realize ample non-Russian fuel provide. EU's fuel imports from Russia have been 9.6% increased in 2024 in comparison with 2021, in accordance with CREA, which tracks Russian vitality exports amongst different fossil gasoline exports globally. In 2024, EU's LNG imports from Russia reached a document 16.5 million tonnes, surpassing the earlier document of 15.21 million tonnes in 2022, as per CREA knowledge.
Because the starting of the Russia-Ukraine battle, EU member nations have paid greater than 212 billion euros for importing Russian fossil fuels, in accordance with the analysis organisation.
Russian vitality agency Gazprom's common each day pure fuel provides to Europe elevated 37% month-on-month in July, in accordance with some stories. In 2024, EU had a bilateral items commerce of 67.5 billion euros with Russia. As well as, within the earlier yr, it had a companies commerce of an estimated 17.2 billion euros. This was considerably greater than India's complete commerce with Russia that yr or subsequently.
Europe-Russia commerce contains not simply vitality but additionally fertilisers, mining merchandise, chemical substances, iron and metal and equipment and transport gear, in accordance with a press release by India's exterior affairs ministry.
