Russia Says Delivered $320 Billion Worth Of Hydrocarbons To Europe Since 2022
Russia reports that it has exported over $320 billion in hydrocarbons to European nations since 2022, despite ongoing Western sanctions. The data highlights the continued reliance of several European countries on Russian energy resources.
Why it matters
This report underscores the complexities and limitations of international sanctions regimes and the global energy trade landscape.
Russia said Monday it has sold European countries more than $320 billion worth of hydrocarbons since 2022, despite sanctions imposed over the war in Ukraine. "For the period from 2022 to today, this figure amounts to $320.7 billion. This is the volume of energy resource deliveries to European Union countries," Russian Deputy Prime Minister in charge of energy Alexander Novak said on television. He said European countries purchased $21.3 billion worth of Russian hydrocarbons in the first nine months of 2026 alone."In other words, despite sanctions-related restrictions, we continue to supply energy resources in certain areas for which exemptions have been granted," he added.Novak said Russian oil exports may reach their pre-war levels by the end of the year.The European Union has adopted numerous sanctions against Russia since the start of the war in Ukraine in 2022, yet many countries -- including France -- continue to source hydrocarbons, particularly liquefied natural gas…
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