How the West is helping Russia to fund its war on Ukraine
Summary
The article explains that despite Western sanctions, Russia continues to earn substantial revenue from selling fossil fuels. This income helps fund its war on Ukraine, with Russia making more money from these sales than Ukraine receives in aid from Western allies.Key Facts
- Russia earns significant income from oil and gas sales, which support its military activities in Ukraine.
- Since February 2022, Russia's fossil fuel exports brought in over €883 billion.
- EU countries contributed €209 billion to this revenue, despite some sanctions.
- In 2024, Russian fossil fuel revenues only decreased by about 5% from the previous year.
- Russia's gas exports to Europe increased significantly in 2024.
- The EU plans to end all Russian gas imports by the end of 2027.
- Some Western leaders worry that limiting Russian fuel imports could raise energy prices.
- Russia's fossil fuel earnings exceed the foreign aid Ukraine receives from its Western supporters.
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