The EU imported raw materials from Russia for €13.7 billion – Kommersant

From March 2022 to July 2023, European Union (EU) countries imported €13.7 billion worth of raw materials from Russia, reports Investigate Europe with reference to data from Eurostat and the EU Joint Research Centre. It is alleged that by July of this year, the Russian treasury had already received €3.7 billion, a third of which came from nickel, used to protect steel from corrosion. When asked why the import of this raw material from Russia was not banned, EU special envoy for sanctions David O’Sullivan replied that it was “critically important,” including for the implementation of climate goals.

According to Eurostat, by September the volume of Russian merchandise exports to EU countries fell to levels comparable to the counter flow, which led to a sharp reduction in the EU trade deficit. The share of Russian oil supplies in EU imports fell to 2%, gas – to 13%, coal – to zero, metals – by half, fertilizers – by a third.

Details – in the material “Kommersant” “Russian share in the EU oil and gas market is going to other suppliers”.

Laura Keffer