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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, (90%) [1] [2] and 40% of gas consumed in the EU came from Russia. [3] [4] The Russian state-owned company Gazprom exports natural gas to Europe.
The country has managed to shed most of its reliance on Russian gas. Germany cut its gas imports by 32.6% in 2023, the country’s energy regulator said, mostly as a result of cutting out Russian ...
The United States and United Kingdom unveiled what they say are the harshest sanctions targeted at Russia’s energy sector since Moscow’s troops began a nearly three-year-old war on Ukraine in ...
Russia has the largest reserves and was the largest exporter of natural gas. [1] It has the sixth largest oil reserves, and is one of the largest producers of oil. [2] It is the fourth largest energy user. [3] In 2009, Russia produced 12% of the world's oil and had a similar share of global oil exports. [4]
Energy independence is being attempted by large or resource-rich and economically-strong countries like the United States, [12] [13] Russia, [14] China [15] [16] and the Near [17] and Middle East, [18] [19] but it is so far an idealized status that at present can be only approximated by non-sustainable exploitation of a country's (non-renewable ...
Imports in billion USD Rank Country Import (2017) 1. China (economy, trading partners) 110.97 （2023) 2. Germany (economy, trading partners) 27.3 3. Belarus (economy, trading partners)
Europe and Russia will both lose heavily if President Vladimir Putin follows through on his threat to cut gas supplies to countries he judges "unfriendly" unless they pay in roubles. Even at the ...
Russia wanted the EU to back away from Ukraine and decided to use gas as a weapon, by threatening to cut off supplies. [15] In March 2022, the European Commission and International Energy Agency presented joint plans to reduce reliance on Russian energy, reduce Russian gas imports by two thirds within a year, and completely by 2030. [16] [17] [18]