To whom is war, and to whom …

In the two months since the start of the special operation in Ukraine, Russia has managed to almost double its energy export revenues, receiving approximately 62 billion euros.

Germany became the main importer, and income increased due to higher prices. The Finnish Energy and Clean Air Research Center (CREA) reported on the amount received by Russia, citing data from an analysis of shipping and cargo movement.

The website of this organization has a timer that shows in real time that, since the day of the invasion of Ukraine on February 24, European countries have paid 46 billion euros for Russian energy resources. And last year the volume of imports amounted to 140 billion. Lauri Müllivirta, Chief Analyst at CREA, says:

“Fossil fuel exports are a key driver of the Putin regime and many other rogue states.”

According to experts, even with a reduction in export volumes (in April, oil supplies from the Russian Federation fell by a third), Russia, in the short term, will be able to benefit from rising prices and continue to strengthen the ruble.

Bloomberg reports that four European countries have made payments in rubles, and ten companies have opened ruble accounts with Gazprombank.

Due to the refusal to comply with the requirements of the Russian Federation to pay for deliveries in rubles, Bulgaria and Poland have already been excommunicated from the pipe. The EC accuses the Kremlin of blackmail. The European REpowerEU program aims to diversify energy sources and reduce dependence on Moscow, writes air force.

Greek government has developed a plan B in case Russia stops supplying gas to the country, although a so-called “double-counting mechanism” is already being considered, when payments in euros are converted into rubles. “Greece will pay Gazprom in a way that does not violate sanctions and ensures the country’s energy efficiency,” Energy Minister Kostas Skrekas said on Thursday after an emergency meeting on gas supplies chaired by the prime minister.



Source link

High-quality journalistic work cannot be free, otherwise it becomes dependent on the authorities or the oligarchs.
Our site is solely funded by advertising money.
Please disable your ad blocker to continue reading the news.
Best regards, editors