Oil, gas: Europe has paid 100 billion to Moscow

Dominique Seux

Posted Oct 3, 2022, 6:24 PMUpdated Oct 3, 2022, 7:09 PM

This is a number that you will certainly hear in the days to come. The countries of the Union have paid almost 100 billion euros to Russia for its hydrocarbon deliveries since the start of the invasion of Ukraine (on February 24), according to the Center for Research on Energy and Clean Air (CREA), an organization based in Finland. The symbolic bar will be crossed in the next few days.

Since the spring, the CREA has made itself known with an online counter (its Russia fossil tracker ) recording from various sources, notably European, the deliveries of oil, gas and coal to which a market price is correlated. The method should be taken with a grain of salt and the numbers should certainly not be read as revealed truth. But the trends are interesting.


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