Russia entered 93,000 million from hydrocarbon sales in the first 100 days of war

61% of purchases correspond to EU countries

MADRID, 14 Jun. (EUROPA PRESS) -

Exports of coal, gas and oil have brought Russia income of 93,000 million euros in the first 100 days since the beginning of the invasion of Ukraine on February 24, according to estimates by the Research Center for Energy and Clean Air. (CREA), which attributes 61% of these purchases to the countries of the European Union (EU), with a bill of around 57,000 million.

In this way, hydrocarbon sales would be amply financing the Russian attack, since it is estimated that the cost of military operations for the Kremlin is around 840 million euros a day, when income from oil, gas and coal they report to the Russian coffers around 930 million euros per day, 10.7% more.

In its analysis, the 'think tank' indicates that the Twenty-seven assumed since the end of February 30% of Russian coal purchases and around 50% of oil, while they received approximately 75% of liquefied natural gas exports ( LNG) from Russia.

The main customers of fuels from Russia would be China, with a bill of 12,600 million euros; Germany, with 12.1 billion; Italy, with 7,800 million; the Netherlands, with 7.8 billion; Turkey, with 6.7 billion; Poland, with 4.4 billion; France, with 4,300 million; India, with 3.4 billion, and Belgium, with 2.6 billion.

In these first 100 days of war, the largest importers of Russian oil were China, the Netherlands, Italy and Germany; the largest importers of pipeline gas were Germany, Italy and Turkey; the largest importers of coal were Japan, the Netherlands, China and Taiwan; and the largest importers of LNG were France, Belgium, Japan and Spain.

However, those responsible for the study point out that import volumes fell modestly in May, around 15% compared to the period before the invasion, as many countries and companies rejected Russian supplies, although at the same time the rise in 60% of Russian export prices have generated a profit for the country.

Thus, despite the reduction in volumes in May, Russia achieved daily revenue of 883 million euros, below the average of 1.1 billion between January and February, but well above the 633 million per day entered in May. of 2021.

In relative terms, the most decisive countries in cutting Russian energy imports were the United States (-100%), Sweden (-99%), Lithuania (-77%), Egypt (-69%), Spain and Finland ( -56%).

However, countries such as India, France, China, the United Arab Emirates and Saudi Arabia increased their imports. Indeed, India became a major importer of Russian crude, buying 18% of the country's exports, although the authors note that a significant portion of the crude purchased from Russia is re-exported as refined petroleum products, including to the US. USA and Europe, which represents "an important loophole that must be closed".