Skip to content
Edit post

Bloomberg: EU spends record $13 billion on Russian LNG

by The Kyiv Independent news desk November 30, 2022 9:29 PM 1 min read
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

According to Bloomberg, European Union members spent 12.5 billion euros on Russian liquefied natural gas between January and September, five times more than during the same period in 2021.

LNG imports from Russia to the EU are up about 40% annually.

Belgium imported more than double Russian LNG from January to October, and France imported up to 60% more.

“We have never announced any work on a ban on Russian gas, and that has not changed,” Eric Mamer, the European Commission’s chief spokesman, said on Nov. 25. Only the UK and Baltic states have reportedly stopped buying Russian LNG.

Naftogaz CEO Vitrenko: ‘Russian gas is a weapon’

Since Russia started its full-scale war against Ukraine, the European Union has decreased its consumption of Russian natural gas from 40% to 9%, even though it has hurt the European economy, Matti Maasikas, the head of the EU delegation to Ukraine, told RBK-Ukraine.

"The EU and its member states are making a purposeful effort to stop importing Russia's gas completely," said Maasikas.

According to the official, sanctions imposed by the EU have a substantial impact on Russia, and although energy prices rose in the first half of 2022, Russia "can't buy much" with this money due to the trade restrictions from Western countries.

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
5:06 PM  (Updated: )

Germany to halve Ukraine military aid, Reuters reports.

The move comes amid increasing concern that a Donald Trump victory in the upcoming U.S. presidential election will see a dramatic cut in Washington's support for Ukraine's fight against Russian aggression.
3:09 PM

95 Ukrainian POWs released from Russian captivity.

Another 95 Ukrainian defenders have been brought back home, including service members of the Armed Forces, the National Guard, and the Border Guard, President Volodymyr Zelensky announced on July 17.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.