Russian oil exports

  • April 30, 2022
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Russian oil exports

Subject: Economy

Section: External Sector

According to data published by the Centre for Research on Energy and Clean Air (CREA), The European Union was the top purchaser of fossil fuels from Russia, since the country invaded Ukraine in February 24 this year, with imports worth€44 billion that accounted for 71 percent of Russia’s exports of the commodity worth €63 billion in the period.

Largest importers

The largest importers were Germany (€ 9.1 billion), Italy (€6.9 billion), China (€6.7 billion), the Netherlands (€5.6 billion), Turkey (€4.1 billion) and France (€3.8 billion).

Interestingly, despite the West’s focus on India’s economic dealings with Russia, New Delhi’s purchase of crude and fossil fuel from the country in the period was much below$1 billion and even lower than purchases made by the US, according to data projected in the report.

economy Russian oil exports