EU remains biggest importer of Russian fossil fuels ...News

The 27-nation bloc has pledged to curb purchases as part of Ukraine-related sanctions Over the past year, the European Union was the top buyer of Russia’s fossil fuels, namely coal, oil and gas, according to the latest estimates by the Center for Research on Energy and Clean Air (CREA). This is despite the bloc’s sanctions, which include a ban on Russian seaborne crude and coal imports and a price cap on oil and petroleum products from the country. Since the launch of its military operation in Ukraine in February 2022, Russia has earned over $315 billion from international sales of its fossil fuels, with $149 bill

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