100 Days of War, Russia Pockets Rp1.4 Quadrillion from Energy Exports

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Adi Ahdiat 20/07/2022 16:50 WIB

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In the first 100 days of its invasion of Ukraine, Russia earned €93 billion, or approximately Rp1.42 quadrillion, from fossil fuel exports.

Top 8 Countries Importing Russian Fossil Fuels in the First 100 Days of the War*

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100 Days of War, Russia Pockets Rp1.4 Quadrillion from Energy Exports

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Top 8 Countries Importing Russian Fossil Fuels in the First 100 Days of the War*

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In its first 100 days of invasion of Ukraine, Russia earned €93 billion (approximately Rp1.42 quadrillion, assuming an exchange rate of Rp15,322 per euro) from fossil fuel exports.

Approximately 61% of this amount came from purchases by European Union countries.

This was revealed by the Finnish research institution, the Centre for Research on Energy and Clean Air (CREA), in its research report titled *Financing Putin's War*, released on June 13, 2022.

According to data compiled by CREA from Eurostat and UN Comtrade, during the first 100 days of the war (February 24 – June 3, 2022), the largest buyer of Russian fossil fuels was China.

This was followed by Germany, Italy, the Netherlands, Turkey, Poland, France, and India, with the details of purchase values shown in the graph.

"Revenue from fossil fuel exports is a major supporter of the financing of Russia's military and aggression," CREA stated in its report.

CREA estimates that in the first 100 days of the war, Russia spent €84 billion (approximately Rp1.28 quadrillion) on military needs.

However, Russia's fossil fuel export revenue during this period was higher, so it is estimated to have covered all its war financing, and possibly left a surplus of €9 billion (approximately Rp137 trillion).

In response, CREA urged countries to limit or even stop purchasing fossil fuels from Russia to help end the war in Ukraine.

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

(Also read: Europe's Inflation Soars Due to Russia's Invasion)

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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100 Days of War, Russia Pockets Rp1.4 Quadrillion from Energy Exports

100 Days of War, Russia Pockets Rp1.4 Quadrillion from Energy Exports

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100 Days of War, Russia Pockets Rp1.4 Quadrillion from Energy Exports

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