Since Russia’s full-scale invasion of Ukraine in February 2022, both Russia’s natural gas and coal exports have declined when compared with 2021. Russian exports to Europe have decreased most notably due to a mix of European sanctions and other policies aimed at reducing reliance on Russian energy.
Russian exports to Europe have decreased most notably due to a mix of European sanctions and other policies aimed at reducing reliance on Russian energy. Russia has partially offset the decrease in natural gas and coal exports to European markets by increasing exports to Asia.
The import ban on Russian coal affects one quarter of all Russian global coal exports, amounting to an €8 billion loss of revenue per year for Russia. The EU has prohibited the import of seaborne crude oil and refined petroleum products from Russia. The impact of the oil ban on Russia is significant.
Around half of its total oil exports go to the EU. In 2021, the EU imported €71 billion worth of oil: crude oil (€48 billion) and refined oil products (€23 billion) from Russia. Losing this leading lucrative market has a significant structural effect on Russia, whose budget relies substantially on these oil revenues.
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Even as crude oil export volumes from Russia have remained relatively high, the destination of these exports has shifted, mainly due to sanctions related to Russia’s full-scale …
Since Russia’s full-scale invasion of Ukraine in February 2022, both Russia’s natural gas and coal exports have declined when compared with 2021. Russian exports to …
The current grace period provides Russia as well as traders buying oil refined using Russian crude with excessive time to adjust supply chains and maintain oil revenue. A shorter …
As the Russia-Ukraine conflict continues, Russia''''s oil infrastructure remains under threat from attacks, adding to volatility in Russia''''s refined product exports.
Recent research published in “Spatial Economics” sheds light on the economic ramifications of sanctions imposed on Russian energy exports. The study, led by Natalya …
Authors: Vaibhav Raghunandan and Petras Katinas Russian fossil fuel revenues drop to lowest levels since invasion, despite a significant increase in revenues from coal Key …
IMPORTS Import ban on helium: Russia is substantially investing in its (energy-intensive) production of this component, which is key for the semiconductor and health industries. The …
That metric lags the per-capita average of $2,700 in 2023. Russia’s Top 10 Exports The following export product groups represent the highest dollar value in Russian global shipments during …
The US, UK, and EU all prohibited the import of seaborne crude oil and refined petroleum products from Russia during the first year of the war in Ukraine. In addition to the …
Our latest briefing considers the impact of the European Union’s latest sanctions targeting Russia’s energy and banking industries, and what it means for international relations …
Russia has implemented various export bans and restrictions on certain goods to protect national security, stabilize domestic markets, and comply with international sanctions. These measures …
On January 10, 2025, the Office of Foreign Assets Control of the United States Department of the Treasury (“ OFAC ”) imposed new Russia-related sanctions restrictions that target Russia’s …
On 18 July 2025, the European Union adopted its 18th package of sanctions against Russia, representing one of the EU’s most comprehensive sanctions packages since the outset of the …
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