Is Russia still selling oil to Europe?

Despite the European Union's drastic measures to wind down imports of Russian oil, Moscow still has plenty of buyers — and at prices steep enough to keep government revenue high and its coffers flush.
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Is Europe still buying Russian oil?

European Commission President Ursula von der Leyen has announced that EU countries have been banned from buying Russian oil after the end of 2022. EU members Hungary and Slovakia will be able to continue buying Russian crude oil until the end of 2023.
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Which countries are still buying oil from Russia?

Meanwhile, China and India, which have refused to condemn Russia's actions, continued to buy Russian crude, benefiting from discounts. Indian state-run refiner Bharat Petroleum Corp Ltd has bought 2 million barrels of Russian Urals for May loading from trader Trafigura, two people familiar with the purchase said.
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Does Russia supply gas to Europe?

Russia supplies a significant volume of fossil fuels to other European countries. In 2021 it was the largest exporter of oil and natural gas to the European Union, and 40% of gas consumed in the EU came from Russia.
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Is France still buying Russian oil?

The world's largest petroleum trader will stop buying Russian crude and phase out its involvement in all Russian hydrocarbons. The French company has stopped buying oil from Russia, although one of its land-locked refineries in Germany continues to receive Russian crude by pipeline.
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Why is Russia no longer selling oil and gas to Europe in euros?



Is Italy buying Russian oil?

In May alone, Italy reportedly imported 450,000 barrels of Russian crude oil per day. This is four times more than the country was buying off Russia in February, when Russia first invaded Ukraine, according to Kpler, a commodity data company.
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Is Italy still buying Russian oil?

The energy group, 30.3% owned by the Italian government, is suspending purchases of Russian oil. No Russian crude will be used at Germany's Bayernoil refinery, in which Eni and Rosneft have stakes.
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Does Russia supply gas to UK?

Unlike other countries in Europe, the UK is in no way dependent on Russian gas supply. We meet around half of our annual gas supply through domestic production and the vast majority of imports come from reliable suppliers such as Norway. There are no gas pipelines directly linking the UK with Russia.
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How much oil does the UK get from Russia?

Russia accounted for just 8% of UK oil imports in 2020 and 3% of US oil imports last year.
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Which countries depend on Russian oil?

The countries that rely most on Russian oil include: Belarus, Cuba, Curacao, Kazakhstan, Latvia – each importing more than 99 percent of their crude oil from Russia. The graphic below shows how much of each country's total crude oil imports come from Russia.
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Is the UK still buying Russian oil?

Australia, Britain, Canada and the US have banned the import of Russian oil purchases in the wake of the Russian aggression, which has triggered the biggest refugee crisis in decades.
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Is China buying Russian oil?

China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters.
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Is India buying Russian oil?

India's purchases of Russian crude have soared since the conflict's start, rising from nothing in December and January to about 300,000 barrels a day in March and 700,000 a day in April. The crude now accounts for nearly 17 percent of Indian imports, up from less than 1 percent before the invasion.
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Who owns North Sea oil?

The British and Norwegian sectors hold most of the large oil reserves. It is estimated that the Norwegian sector alone contains 54% of the sea's oil reserves and 45% of its gas reserves. More than half of the North Sea oil reserves have been extracted, according to official sources in both Norway and the UK.
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What does the UK buy from Russia?

The UK imported £5.2 billion of fuel from Russia in 2021 which accounted for 9.7% of all fuel imported. The highest value goods import from Russia in 2021 was refined oil (£3.0 billion); Russia is the UK's largest supplier of refined oil, accounting for 24.1% of all imports of this commodity.
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Does Russia have its own oil?

Russia produced an average of 10.83 million barrels (1,722,000 m3) of oil per day in December 2015. It produces 12% of the world's oil and has a similar share of global oil exports. In June 2006, Russian crude oil and condensate production reached the post-Soviet maximum of 9.7 million barrels (1,540,000 m3) per day.
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How much of Russia is in Europe?

Russia is a transcontinental country, a state which is situated on more than one continent. Russia spans the northern part of the Eurasian continent; 77% of Russia's area is in Asia, the western 23% of the country is located in Europe.
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Where does Europe's oil come from?

In 2019, almost two thirds of the extra-EU's crude oil imports came from Russia (27 %), Iraq (9 %), Nigeria and Saudi Arabia (both 8 %) and Kazakhstan and Norway (both 7 %).
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What country buys the most Russian oil?

European nations are the largest collective buyer of that oil, while China is the petro-state's largest single purchaser. In 2021, Europe bought up about 42 percent of Russia's total oil production, while China purchased 14 percent and 30 percent stayed in Russia.
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Is West still buying Russian oil?

The country has struggled to sell oil at the same volumes and prices as before the war, causing backups in its domestic oil industry. The U.S., U.K., Canada and Australia have banned imports of Russian oil. The EU is more dependent on Russian energy, importing 27% of its oil from the country.
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How does India pay Russian oil?

India has taken advantage of discounted prices to ramp up oil imports from Russia at a time when global energy prices have been rising. The US has said that although these oil imports do not violate sanctions, "support for Russia...is support for an invasion that obviously is having a devastating impact".
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Where does Ukraine get its oil?

Ukraine imports most of its petroleum products from Belarus, Russia, and Germany. Crude oil imports, sourced increasingly from Azerbaijan and Kazakhstan, supply Ukraine's sole operating refinery, the Kremenchug facility.
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Where does China get its oil?

Saudi Arabia and Russia have been neck-and-neck as China's top sources of oil in recent years.
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