Since the beginning of the Russian Federation’s full-scale invasion of Ukraine, Moscow’s income from the export of fossil fuels has reached almost €785B. Despite sanctions, the EU remains the largest importer after China, with expenditures of more than €205B for Russian energy resources, according to CREA analysts.
The largest share of Russian export revenue is provided by oil, which accounts for 69% of the total income, over €541B. Gas provided 20% of revenue, and coal – 11%. However, compared to the pre-war period, EU imports have decreased sharply. The cost of deliveries to Europe fell by more than 50%. The general trend indicates a gradual decrease in the Russian Federation’s income, especially in the EU market, where a steady reduction in consumption is observed.
Meanwhile, France imported 5.34 million tons of Russian LNG in the 10 months of 2024, more than in any full year since supplies began in 2018. The growth is related to the fulfillment of previously concluded long-term contracts.