after 100 days of war, Russia has pocketed 93 billion euros from fossil fuels

Vladimir Putin, June 10, 2022 (Sputnik/Mikhail Klimentyev/Kremlin via REUTERS)

The European Union alone has bought 57 billion euros worth of oil, gas and coal from Russia since the start of the war in Ukraine. France is not spared by this report.

Despite international sanctions, the Kremlin continues to rake in billions. According to a report by the Center for Research on Energy and clean Air (CREA) published on Monday and echoed by BFM, Russia has amassed 93 billion euros thanks to its oil, gas and coal exports since February 24. 2022, date of the beginning of the Russian invasion in Ukraine. The European Union, which mobilized massively in favor of Ukraine and the Ukrainian people, accounts for 61% of this war chest, or around 57 billion euros.

Germany (12.1 billion euros) and Italy (7.8 billion) are among the biggest importers of Russian resources. In detail, Moscow’s income turned out to be mainly from the sale of crude oil (46 billion euros), gas transported by gas pipelines (24 billion), petroleum products, liquefied natural gas (LNG) and last place of coal. Russia hasn’t really lost any money since the start of the war. Although exports fell despite everything, it compensated for this aftershock by the global rise in energy prices.

“France must align its actions with its words”

The CREA report directly singles out several countries, including France. In this context of sanctions against Russia, many States (Poland, Finland, etc.) have made an effort to limit their imports, others, on the contrary, have increased their purchases. “While the EU is considering tougher sanctions against Russia, France has increased its imports, to become the biggest buyer of Russian LNG in the world”, notes Lauri Myllyvirta, an analyst at CREA. “France must align its actions with its words: if it supports Ukraine, it must immediately put in place an embargo on Russian fossil fuels and quickly develop clean energies and energy efficiency solutions”, adds -he.

As a reminder, the 27 Heads of State and Government of the European Union agreed on May 30 on a gradual embargo of two-thirds purchases of Russian oil by Europeans.

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