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Russian oil exports by destination in 2020. On 7 March 2022, German chancellor Olaf Scholz and other European leaders pushed back against the call by the US and Ukraine to ban imports of Russian gas and oil because "Europe's supply of energy for heat generation, mobility, power supply and industry cannot be secured in any other way".
Due to low demand for Russian crude, the benchmark Russian Crude Oil Urals oil was trading at a $18 discount to Brent and still struggling to find purchasers as oil traders feared sanctions. [ 162 ] Prior to the sanctions, about 60 percent of Russia's oil exports went to European OECD member countries.
Export product Value ($) 1: Crude Petroleum: 121,443 2: Refined Petroleum: 66,887 3 Unspecified commodities: 55,265 4: Coal: 15,987 5: Petroleum Gas: 9,501 6: Wheat ...
The EU has significantly reduced imports of gas from Russia since it launched its full-scale invasion of Ukraine in 2022, but a number of eastern member states still depend largely on the supplies ...
The EU has also ramped up imports of Russian LNG to help heat its homes and power its factories, but faces a self-imposed deadline of 2027 and plans to break its dependence on all Russian fossil ...
Russian gas exports to Europe via Ukraine were stable on Wednesday, data from Kremlin-controlled producer Gazprom showed, with nominations for flows to Austria from Slovakia also unchanged.
EUR/Ruble exchange rate (Rubles per Euro. On 23 March 2022, Russian President Vladimir Putin announced payments for Russian pipeline gas would be switched from "currencies that had been compromised" (that is, US dollar and euro) to payments in roubles when the transaction involved a country formally designated "unfriendly" previously, which included all European Union states; on 28 March, he ...
The EU relied on Russia for 26% of oil imports in 2020, along with around 40% of its gas. However, reliance on Russian crude varies significantly between EU countries, and so does their ability to ...