USA News Hub

“Europe has sadly spent more money buying Russian oil and gas than they have spent on defending Ukraine,” Donald Trump told the US Congress in March.

“Trump has not been known for his statistical accuracy, but on this occasion, he may be right,” said Al Jazeera.

While EU imports of Russian fossil fuels have more than halved in monetary value since Moscow invaded Ukraine in February 2022, “the EU remains the largest importer of Russian fossil fuels”, according to Russia Fossil Tracker, a project run by the Centre for Research on Energy and Clean Air (CREA) think tank.

Isn’t Russia sanctioned?

Following the invasion of Ukraine, the EU and other Western allies imposed a range of sanctions on Russian energy products in a bid to cripple its economy and hamper its war effort. These included an all-out embargo on coal and seaborne oil imports, said the European Commission, although crucially not pipeline gas and shipments of Russian liquefied natural gas.

The EU’s foreign policy chief, Kaja Kallas, said the alliance has not imposed “the strongest sanctions” on Russian oil and gas because some member states feared an escalation in the conflict and because buying them is “cheaper in the short term”, said the BBC.

How is the EU still buying fossil fuels from Russia?

CREA estimates that the volume of Russian gas piped to Europe via Turkey rose by 26.77% in January and February 2025 compared with the same period last year, said the BBC. Hungary and Slovakia, who are sympathetic to Moscow, continue to receive Russian gas.

Official EU imports of Russian oil had fallen by 90% by the end of last year, said Al Jazeera, but this does not include illicit imports – the majority of which are delivered by Russia‘s “shadow fleet” of tankers used to circumvent sanctions – and a refining loophole that allows sanctioning countries to import Russian oil products from third countries such as Turkey and India.

“There’s no real desire in many governments to actually limit Russia’s ability to produce and sell oil,” Mai Rosner, from the pressure group Global Witness, told the BBC. “There is way too much fear about what that would mean for global energy markets.” This fear of higher energy prices may hamper the EU’s goal of ending all Russian gas imports by the end of 2027.

How much is Russia making from the EU?

Russia Fossil Tacker estimates that since the beginning of the war Russia has made €885 billion (£740 billion) globally from its fossil fuel exports, with EU countries buying more than €209 billion of these exports.

Earlier this year Vladyslav Vlasiuk, a Ukrainian presidential adviser, told EU ambassadors to Kyiv that Russian gas exports to the bloc were directly “fuelling Russia’s aggression” and it was “time to cut off the petrodollar flow”, said Al Jazeera.

How does that compare to its support for Ukraine?

The European Commission‘s own calculations put EU financial assistance for Ukraine at €147.9 billion – far below the revenue generated for the Kremlin by gas and oil exports. But “the comparison changes when looking at European assistance to Ukraine as a whole”, said Euronews.

The Kiel Institute for the World Economy, which tracks all aid to Ukraine, puts the collective amount of financial support already given or earmarked for the future by the EU institutions and all member states far higher – at €202.6 billion. This figure rises to €247.37 billion when support of other European nations, such as the UK, Norway, Iceland and Switzerland, is added in.