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Russia says Europe bought $320 billion in hydrocarbons since 2022

Russia says Europe bought $320 billion in hydrocarbons since 2022

Summary

Russia said European Union countries have bought $320.7 billion worth of its energy products since 2022, even though sanctions were placed because of the war in Ukraine. European officials criticized a U.S. deal to import Russian diesel and suggested using frozen Russian assets to support Ukraine more.

Key Facts

  • Russia reported selling $320.7 billion of hydrocarbons (oil and gas) to EU countries from 2022 to 2026.
  • In the first nine months of 2026, Europe bought $21.3 billion worth of Russian energy.
  • Russia continues to supply energy under exemptions despite sanctions related to the Ukraine war.
  • EU countries have sent about €218.7 billion (around $244 billion) in support to Ukraine since the war began.
  • Some EU countries, like Slovakia and Hungary, are allowed to buy Russian oil via pipeline because of exemptions.
  • The figure does not count Russian oil reaching Europe after being processed in countries like India or Turkey.
  • The U.S. made a deal to import Russian diesel, which many European countries criticized.
  • President Donald Trump defended the U.S. decision, saying it was the right choice for Americans.
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