The EU’s dependence on oil and gas imports from Russia has decreased significantly over the past two years. This is evidenced by the data Eurostat.
As of the end of June 2023, the share of oil imported from the Russian Federation increased from 29.2% to 2.3% compared to the same period of 2021, the share of gas from 38.5% to 12.9%, and the share of coal from 2%. decreased from 45 to 0%.
It was noted that Russia’s gas imports increased sharply in the January 2021-March 2022 period, driven by the price increase. However, supplies dwindled significantly after the implementation of EU sanctions. In the summer of 2022, the increase in imports was temporary due to another price increase. In the second quarter of 2022, the EU imported the most gas from the USA (24%), Algeria (18%), the UK (15%) and Norway (10%). The decline in Russia’s share of oil supplies was offset by Saudi Arabia and Norway (11%), as well as the USA (13%) and Kazakhstan (8%).
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