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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".
[85] [86] [87] The invasion threatened the energy supply from Russia to Europe, [88] [89] with natural gas prices in Europe reaching an all-time high of $3,700 per thousand cubic meters on 7 March at ICE Futures, [90] [91] and Brent oil prices rising above $130 a barrel for the first time since 2008. [92]
The number of ships considered in violation of the embargo can be significant. In October 2023, 2 carrying crude oil and 21 with oil products were identified, out of a total of 182 tankers carrying oil from Russian Black Sea ports that month. [5] In 2023, under 5% of Russian crude oil products went to Europe, a fall of 90% in the year. [6]
The EU has significantly reduced imports of gas from Russia since it launched its full-scale invasion of Ukraine in 2022, but a number of eastern member states still depend largely on the supplies ...
To fill the gap, Europe has imported vast quantities of liquefied natural gas (LNG) — a chilled, liquid form of natural gas that can be transported via sea tankers — from the United States and ...
The European Union published plans on Wednesday to end its reliance on Russian gas, oil and coal by 2027, laying out measures to expand renewable energy faster, save more energy and hike imports ...
Export product Value ($) 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 ...
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.