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EU Has Paid Russia 35 Billion Euro For Fossil Fuels Since Ukraine War Started - Foreign Affairs - Nairaland

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EU Has Paid Russia 35 Billion Euro For Fossil Fuels Since Ukraine War Started by Biodun556(m): 5:37pm On Apr 07, 2022
https://www.google.com/amp/s/www.dailymail.co.uk/news/article-10692127/amp/EU-admits-given-Russia-35billion-energy-Ukraine-war-began.html

The European Union has sent almost €1billion to Russia each day for energy since the war in Ukraine began, its chief of foreign affairs admitted earlier today.

Josep Borrell told the European Parliament that the amount of aid given to Kyiv pales in comparison to the amount the EU has spent on Russian energy as he pushed for more sanctions on oil and coal to be levied against Putin, and renewed weapons shipments to the frontlines.


We have given Ukraine 1 billion euros... but a billion euros is what we pay Putin every day for the energy he provides us,' the EU's top diplomat said.

'We have to continue arming Ukraine... More weapons, that is what the Ukrainians expect of us.'

The 27 state-strong union has paid Russia around €35bn since the start of the conflict in Ukraine on Feb 24, according to Borrell.

With the conflict now into its 41st day, this means that roughly €850million has been funneled into Putin's coffers from Europe each day since Russian tanks rolled across the border.

The EU has condemned the invasion of Ukraine and has already implemented several rounds of sanctions designed to cripple the Kremlin's finances, but some countries are scrambling to establish alternative energy supplies amid a heavy dependence on Russian resources, particularly liquified natural gas (LNG).

Re: EU Has Paid Russia 35 Billion Euro For Fossil Fuels Since Ukraine War Started by Betscoreodds: 5:39pm On Apr 07, 2022
Biodun556:
https://www.google.com/amp/s/www.newsweek.com/eu-paid-russia-16bn-fossil-fuels-since-start-ukraine-war-1689448%3famp=1

Since the beginning of the Russian invasion of Ukraine, the European Union has paid over $16 billion (€15 billion) to Moscow for fossil fuel imports




More than $5 million was paid for oil imports, around $9.5 million spent on gas, and over $385 million went to coal imports.

The data has been shared by the Centre for Research on Energy and Clean Air (CREA), an independent research organization, currently tracking how much money is still flowing from the EU's finances into the Kremlin's pockets.

To estimate the volume of fossil fuel shipments from Russia to Europe, CREA looked at the aggregate cargo capacity of ships leaving Russian ports towards EU ports, and combined that with data on reported import volume and prices (based on average value and historic prices).

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"As you can see from the breakdown, gas is still the number one (import), then comes oil and then comes coal," said Lauri Myllvirta, Lead Analyst, CREA. "For both oil and coal, the shipments have fallen after the outbreak of the war [but] gas has actually increased."

Europe's dependence on Russia to keep its economy running and its homes warm has been harshly criticized since Russian troops started building up at the border of Ukraine before the start of the full-scale invasion of February 24.

According to the latest data available from the European Commission, in 2019 Europe relied on Russia for 41.1 percent of its gas imports, 46.7 percent of its solid fuels imports, and 26.9 percent of its crude oil imports.

Last year, when the first signs of tension at the Ukraine-Russia border were emerging, the EU imported 155 billion cubic meters of natural gas from Russia, almost half of its total gas imports, according to the International Energy Agency.

God bless putin.

God bless mother Russia

1 Like

Re: EU Has Paid Russia 35 Billion Euro For Fossil Fuels Since Ukraine War Started by Kingpin1000: 5:47pm On Apr 07, 2022
They are still paying and will continue to pay.
Europe has nothing, I mean nothing. They can only buy or steal.

3 Likes

Re: EU Has Paid Russia 35 Billion Euro For Fossil Fuels Since Ukraine War Started by Mooh247: 5:47pm On Apr 07, 2022
cool



Somethings are necessity... Oil and Gas is one of them in this modern world


The whole Nigeria almost turned upside down when someone imported bad fuel and we all suffered for over a month, now imagine how Europeans that their life depends on gas , gas power electricity and petroleum products



.

2 Likes

Re: EU Has Paid Russia 35 Billion Euro For Fossil Fuels Since Ukraine War Started by longetivity(m): 5:51pm On Apr 07, 2022
They can't survive without Russia

3 Likes

Re: EU Has Paid Russia 35 Billion Euro For Fossil Fuels Since Ukraine War Started by Sirlancelort(m): 6:23pm On Apr 07, 2022
As at xterday only gas shipment to eu since the special military operation is €35 billion, even euro news carry am.

5 Likes

Re: EU Has Paid Russia 35 Billion Euro For Fossil Fuels Since Ukraine War Started by Padipadi(m): 6:44pm On Apr 07, 2022
Russia is blessed. No doubt but she's cursed with Putin's bad deeds
Re: EU Has Paid Russia 35 Billion Euro For Fossil Fuels Since Ukraine War Started by sapientia(m): 6:49pm On Apr 07, 2022
So?

You expect them to stop immediately because one mad man started an unprovoked war

Even when USA sanctioned huwei, they have them enough months to stockpile chips from American companies

Russia need the money, Europe need the gas

Russia can shut the pipe and deal with them but he won't cos he needs the money more

Plans are already underway to end dependence on Russia in phases

Padipadi:
Russia is blessed. No doubt but she's cursed with Putin's bad deeds

Russia should be competing with china in everything cos they have enough population and energy to boost technological advancements

They should even come after USA cos they were already developed to a great extent when China was struggling

Rather, they kept Fighting an imaginary war with USA and spending all their money developing and stockpiling weapons

China have my respect always even with dictatorship
Re: EU Has Paid Russia 35 Billion Euro For Fossil Fuels Since Ukraine War Started by VictorUSA(m): 7:01pm On Apr 07, 2022
Of course, they have to buy.But only one condition, they must buy it in dollars or euro or else Russians will drink their oil and sniff their gas.
Re: EU Has Paid Russia 35 Billion Euro For Fossil Fuels Since Ukraine War Started by Betscoreodds: 7:18pm On Apr 07, 2022
Padipadi:
Russia is blessed. No doubt but she's cursed with Putin's bad deeds

It because of putin that why they fear Russia... Taaa..

God bless putin..
God bless mother Russia

5 Likes

Re: EU Has Paid Russia 35 Billion Euro For Fossil Fuels Since Ukraine War Started by seunny4lif(m): 1:01am On Apr 08, 2022
When you have oil and gas, nations will run to you.
Baltic states that are parasites to Germany and France money want EU to ban coal but Germany and France knew they will have to buy at over 100% increase from Australia

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