Sunday, January 1, 2023

EU oil imports from Russia have nearly halved

 From Trading Economics



This is the volume (in tonnes); the price has also declined, by 30% since April.  Because the pipeline infrastructure isn't set to pump oil to other countries, this means a significant decline in forex revenue for Russia, hence the renewed slump in the rouble

As the German Embassy tweeted:


Germany has ended its dependence on Russian energy. Since August 11th, no coal has been imported. Natural gas imports have been reduced from 55% at the beginning of 2022 to zero. Oil imports dropped from 40% to under 20%, and will be phased out by the end of this year.

 No wonder Putin is kite-flying "peace" proposals. 



No comments:

Post a Comment