The European Union is heavily reliant on Russia for its energy sector.

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Reza Pahlevi 22/02/2022 10:30 WIB

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Over the past five years, 33% of the European Union's energy products were imported from Russia.

Value of EU Energy Imports from Russia (2017-2021*)

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Value of EU Energy Imports from Russia (2017-2021*)

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The European Union (EU) has threatened to impose sanctions on Russia if it attacks Ukraine. These sanctions would include cutting off access to the financial sector, export restrictions, and impacting the energy sector.

However, the EU has a significant dependence on Russia in the energy sector.

Citing Eurostat data, Russia is the EU's largest importer of energy products. Over the past five years, 33% of the EU's energy products were imported from Russia.

In 2017, the EU's energy imports from Russia reached €85 billion. This increased to €101.1 billion in 2018, then fell slightly to €88 billion in 2019.

In 2020, imports dropped to €52.8 billion due to decreased energy demand during the pandemic. In the first half of 2021, the EU imported €44.2 billion worth of energy products.

By type, crude oil was the main import from Russia, valued at €24.7 billion. This was followed by natural gas at €15 billion and coal at €2.1 billion.

(Also read: Even Faced with Sanctions, Russia Remains the EU's Largest Crude Oil Supplier)

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 is heavily reliant on Russia for its energy sector.

The European Union is heavily reliant on Russia for its energy sector.

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