How big is the EU's dependence on Russian oil?

The war in Ukraine has exposed the European Union's entrenched dependence on Russian oil, one of Moscow's most lucrative exports. The EU is Russia's largest oil customer, buying about 2.2 million barrels of crude oil and 1.2 million barrels of petroleum products daily.

This consumption pattern has put the bloc in an extremely difficult position as the Kremlin continues its military operations in Ukraine, profiting from sky-high energy prices.

Since the start of the invasion on February 24, 27 EU member states have spent more than 20 billion euros on Russian oil, according to an independent think tank, the Center for Energy and Clean Air Research.

An embargo on such exports under EU sanctions against Russia seems inevitable.

Watch a video about the EU's dependence on Russian oil by clicking on the photo.

Monday, 28 November 2022