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The European Union imports billions of euros worth of natural gas from Russia annually.

Reza Pahlevi 22/02/2022 16:30 WIB

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Until recently, Russia was the European Union's main supplier of energy products. For natural gas, the EU's imports from Russia reached 46.8% of total imports in the first half of 2021.

EU Natural Gas Imports from Russia (2017-2021*)

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EU Natural Gas Imports from Russia (2017-2021*)

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Russia has just ordered its troops to invade Ukraine. This action could lead to sanctions from the European Union against Russia, including energy sanctions.

Russia has been a major supplier of energy products to the European Union. For natural gas, the EU's imports from Russia reached 46.8% of total imports in the first half of 2021.

In 2017, the EU's natural gas imports from Russia were recorded at €23.9 billion. This value increased to €31.6 billion in 2018.

The import value then decreased to €26.4 billion in 2019, and further decreased to €17.8 billion in 2020. For 2021, the import value was recorded at €17 billion until the first half of the year.

Quoting *Market Watch*, natural gas prices have increased by 8% since Russia announced it would enter Ukrainian territory on Tuesday, February 22nd, early morning.

Increases in oil and gas prices are also expected to be even greater if the European Union imposes energy sector sanctions on Russia.

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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The European Union imports billions of euros worth of natural gas from Russia annually.

The European Union imports billions of euros worth of natural gas from Russia annually.

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The European Union imports billions of euros worth of natural gas from Russia annually.

The European Union imports billions of euros worth of natural gas from Russia annually.

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