Russia has lost $17 billion due to falling oil prices and India’s refusal to import
The federal budget of the Russian Federation has missed out on approximately $17 billion from the oil and gas sector…
oil imports
EU reduced imports from Russia by 86% after the onset of full-scale war
According to statistics from Eurostat, from the first quarter of 2022 to the first quarter of 2025, the European Union…
European Commission Approves Plan for Complete Abandonment of Russian Gas and Oil by 2027
The European Commission has approved a legislative initiative that outlines a phased withdrawal from the import of gas and oil…
European Commission Reports on Russia’s Revenue from Energy Exports to the EU
Throughout 2024, the European Union paid Russia 23 billion euros for energy resources, despite a significant reduction in their consumption.…
Turkey Restores Cooperation with Russia in the Energy Sector: Oil and Gas Purchases
The Turkish oil refiner Tupras resumed purchases of Russian Urals oil in April 2025 after a hiatus that lasted since…
EU to Present Strategy for Phasing Out Russian Oil and Gas in May
The European Union plans to present a detailed strategy for the gradual phase-out of imports of Russian oil and gas…