93 billion euros in Russia’s revenue from energy exports in 100 days of conflict

In the first 100 days of its invasion of Ukraine, Russia received €93 billion from fossil energy exports, mostly to the European Union, according to an independent think tank report on France released yesterday. The report by the Finnish Center for Energy and Clean Air Research came as Ukraine was urging Westerners to stop importing energy from Russia in order to deprive the Kremlin of a source of funding for the war against it. The European Union recently approved a gradual ban on Russian oil imports, with some exceptions. The embargo does not currently cover the gas the bloc depends on. According to the report, during the first 100 days of the Russian invasion, the European Union accounted for 61 percent of Russia’s fossil energy exports, or nearly 57 billion euros. Ukraine from February 24 to June 3. The main importing countries were China (12.6 billion euros), Germany (12.1 billion) and Italy (7.6 billion). The first source of income for Russia is crude oil ($46 billion), followed by gas exported through pipelines ($24 billion), then oil products, liquefied natural gas, and finally coal. The figures show that Russia’s revenues have not stopped, even if exports fell in May, and despite the fact that Russia is forced to sell its products at reduced prices in international markets, as it has benefited from rising energy prices in the world.