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A recent report by the Finnish energy and environment research group ‘CREA’ reveals that the EU has taken 61 percent of Russia’s energy exports, worth about $ 65 billion.
In total, the value of Russian energy exports during the first 100 days of the war with Ukraine amounted to more than $ 100 billion.
The other major importers were China with $ 13 billion, Germany with $ 12 billion in imports and Italy with $ 9 billion.
The development comes as Kiev calls on the West to sever all trade ties with Russia in order to cut off funding to the Kremlin.
And in fact at the beginning of the month the EU agreed to ban most of Russia’s oil imports even though the continent is highly dependent on them.
Russia’s revenue from fossil fuels comes from the sale of crude oil, followed by pipeline oil, oil by-products and further liquefied petroleum gas and coal.
Although Russia’s energy exports have been declining following the military strike on Ukraine, rising global prices have boosted revenues for the Kremlin.
Some of the major buyers have increased the volume of imports from Russia such as China, the United Arab Emirates and France, the report said.
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