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Explained: Just how dependent is the EU on Russian oil?
The struggle in Ukraine has uncovered the European Union’s entrenched dependency on Russian oil, certainly one of Moscow’s most worthwhile exports.
The EU is Russia’s high oil shopper, shopping for round 2.2 million barrels of crude, along with 1.2 million barrels of refined merchandise, each day.
This consumption sample has put the bloc in an especially awkward place because the Kremlin continues its army aggression in Ukraine whereas it income from sky-high power costs.
Because the onset of the battle on 24 February, the EU’s 27 member states have spent greater than €20 billion on Russian oil, in accordance to a monitoring instrument arrange by the Centre for Analysis on Vitality and Clear Air (CREA), an impartial analysis organisation.
Might the bloc wean itself off its darkish dependancy?
Watch the video above to be taught extra in regards to the EU’s dependency on Russian oil.