Putin's Funding Sources: This Country is the Biggest Buyer of Russian Oil During the War

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Adi Ahdiat 21/07/2022 10:10 WIB

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From the beginning of the war until July 11, 2022, China was recorded as the largest buyer of Russian oil.

Top 10 Countries Importing Russian Crude Oil Since the Start of the War*

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Putin's Funding Sources: This Country is the Biggest Buyer of Russian Oil During the War

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Top 10 Countries Importing Russian Crude Oil Since the Start of the War*

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Russia's military aggression in Ukraine is largely funded by fossil fuel exports, according to the Centre for Research on Energy and Clean Air (CREA), a Finnish research institute.

"Revenue from fossil fuel exports is a major driver of funding for Russia's military and brutal aggression against Ukraine," CREA stated on its official website.

According to CREA's data, in the first 100 days of the invasion of Ukraine, Russia earned €93 billion, or approximately Rp1.42 quadrillion (assuming an exchange rate of Rp15,322 per euro), from fossil fuel exports.

This revenue is considered to have exceeded Russia's military spending needs during the first 100 days of the war, which is estimated at €84 billion.

From the beginning of the war until July 11, 2022, China was the largest buyer of Russian oil.

The following is a list of the top 10 countries that bought the most Russian oil from the start of the war on February 24, 2022, to July 11, 2022:

* China: €21.7 billion
* Netherlands: €8.4 billion
* Germany: €6.6 billion
* Turkey: €4.5 billion
* India: €4.1 billion
* Poland: €3.8 billion
* Italy: €3.5 billion
* France: €2.2 billion
* Belgium: €2 billion
* Bulgaria: €1.3 billion

CREA urges countries to limit or completely stop purchasing fossil fuels from Russia to help end the war in Ukraine.

"Develop plans to replace Russian fossil fuels with clean energy as soon as possible," CREA added.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Putin's Funding Sources: This Country is the Biggest Buyer of Russian Oil During the War

Putin's Funding Sources: This Country is the Biggest Buyer of Russian Oil During the War

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Putin's Funding Sources: This Country is the Biggest Buyer of Russian Oil During the War

Putin's Funding Sources: This Country is the Biggest Buyer of Russian Oil During the War

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