Germany Paid Russia $12B.5 for Fossil Fuels in 100 Days of War: Data

  • Germany gave Russia billions for fossil fuels within the first 100 days of the Ukraine struggle, in step with an research.
  • The research through the Centre for Analysis on Power and Blank Air put the determine at $12.5 billion.
  • Fossil gas exports earned Russia $97 billion in 100 days, the research confirmed.

Germany paid Russia greater than $12.5 billion for fossil fuels all the way through the primary 100 days of the Ukraine invasion, an research presentations.

Russia earned $97 billion in earnings from fossil gas exports from February 24 to June 3, in line with an research through the Centre for Analysis on Power and Blank Air (CREA), a assume tank based totally in Helsinki, Finland.

Throughout this time, Germany used to be Moscow’s largest consumer for pipeline fuel with imports hitting round $8.3 million, in step with the research. 

Having mentioned this, the research confirmed that China surpassed Germany as the most important importer of all fossil fuels from Russia. Germany has minimize Russia’s oil and fuel imports through 25% and 31%, respectively, since President Vladimir Putin’s troops invaded Ukraine, in step with the research.

Germany continues to depend on Russia for 35% of its herbal fuel however plans to wean itself off Russian gas imports through the top of 2024, the rustic’s economic system minister mentioned in a March 25 press unlock.

Trailing at the back of Germany have been Italy and the Netherlands, which each paid Russia round $8 billion for fossil fuels, after which Turkey, which spent just about $7 billion on imports, in line with CREA’s research.

Because the starting of the Ukraine struggle, Russia has provided the Eu Union with 85% of pipeline fuel, 75% of liquefied herbal fuel, 50% of crude oil, 30% of coal, in step with the research. Total, the EU has spent round $59 billion on 61% of Russia’s fossil gas exports, the research mentioned.

The EU hasn’t sanctioned Russian fossil gas imports, regardless of levying harsh sanctions on firms and oligarchs over the Ukraine struggle. Eu Union leaders reached an settlement on the finish of Would possibly to chop round 90% of oil imports from Russia through the top of 2022. In the meantime, the United States banned Russian power imports in March.

Putin mentioned in a gathering on Thursday that the West will not be able to bring to an end Russian power sources over the following couple of years, Interfax reported.

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