EU spends more on Russian oil and gas than financial aid to Ukraine – report
-
cross-posted from: https://lemmy.ml/post/26410527
The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a report marking the third anniversary of the invasion has found.
The EU bought €21.9bn (£18.1bn) of Russian oil and gas in the third year of the war, according to estimates from the Centre for Research on Energy and Clean Air (Crea), despite the efforts under way to kick the continent’s addiction to the fuels that fund Vladimir Putin’s war chest.
The amount is one-sixth greater than the €18.7bn the EU allocated to Ukraine in financial aid in 2024, according to a tracker from the Kiel Institute for the World Economy (IfW Kiel).
-
System shared this topic on
-
cross-posted from: https://lemmy.ml/post/26410527
The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a report marking the third anniversary of the invasion has found.
The EU bought €21.9bn (£18.1bn) of Russian oil and gas in the third year of the war, according to estimates from the Centre for Research on Energy and Clean Air (Crea), despite the efforts under way to kick the continent’s addiction to the fuels that fund Vladimir Putin’s war chest.
The amount is one-sixth greater than the €18.7bn the EU allocated to Ukraine in financial aid in 2024, according to a tracker from the Kiel Institute for the World Economy (IfW Kiel).
Does somebody know how much profit Russia makes on a Barrel of oil or a m³ of Gas?
-
Does somebody know how much profit Russia makes on a Barrel of oil or a m³ of Gas?
Is it not measured by mass?
A volume of gas could be many amounts based on the pressure. -
Is it not measured by mass?
A volume of gas could be many amounts based on the pressure.You're right. I've googled it since I've fortunately never had Gas, and a big energy company wrote it's measured in kWh/m³, but I guess the latter part doesn't really matter to the end consumer
-
cross-posted from: https://lemmy.ml/post/26410527
The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a report marking the third anniversary of the invasion has found.
The EU bought €21.9bn (£18.1bn) of Russian oil and gas in the third year of the war, according to estimates from the Centre for Research on Energy and Clean Air (Crea), despite the efforts under way to kick the continent’s addiction to the fuels that fund Vladimir Putin’s war chest.
The amount is one-sixth greater than the €18.7bn the EU allocated to Ukraine in financial aid in 2024, according to a tracker from the Kiel Institute for the World Economy (IfW Kiel).
I thought they put sanctions in place like a few years ago
-
cross-posted from: https://lemmy.ml/post/26410527
The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a report marking the third anniversary of the invasion has found.
The EU bought €21.9bn (£18.1bn) of Russian oil and gas in the third year of the war, according to estimates from the Centre for Research on Energy and Clean Air (Crea), despite the efforts under way to kick the continent’s addiction to the fuels that fund Vladimir Putin’s war chest.
The amount is one-sixth greater than the €18.7bn the EU allocated to Ukraine in financial aid in 2024, according to a tracker from the Kiel Institute for the World Economy (IfW Kiel).
Because fossil fuels provide half of Europe's energy generation, and you can't just give up buying it
¯_(ツ)_/¯ -
I thought they put sanctions in place like a few years ago
There are sanctions on oil and coal, but none on gas. Russia cut off gas to most EU countries by themself, but last year was still selling gas via Ukraine and ships even more as LNG.
-
Because fossil fuels provide half of Europe's energy generation, and you can't just give up buying it
¯_(ツ)_/¯ -
The source makes a different claim?
-
Does somebody know how much profit Russia makes on a Barrel of oil or a m³ of Gas?
It honestly depends on the source of the gas (i.e. cost of extraction and refinement) and transport method (pipeline vs. shipped). It is difficult to average this over a long period of time. You could look at Gazprom's reported profit margin, but again this is not helpful without context.
Prices I've seen are typically quoted in $/mmbtu - it's a weird unit, but it works for whatever reason.
-
cross-posted from: https://lemmy.ml/post/26410527
The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a report marking the third anniversary of the invasion has found.
The EU bought €21.9bn (£18.1bn) of Russian oil and gas in the third year of the war, according to estimates from the Centre for Research on Energy and Clean Air (Crea), despite the efforts under way to kick the continent’s addiction to the fuels that fund Vladimir Putin’s war chest.
The amount is one-sixth greater than the €18.7bn the EU allocated to Ukraine in financial aid in 2024, according to a tracker from the Kiel Institute for the World Economy (IfW Kiel).
Be aware that some member states (such as Slovakia, Austria and Hungary) are playing a big role in this, as they have explicitly stated that they do not want to stop consuming Russian gas due to the cheap prices.
While some member states (such as Germany & the Netherlands) are actively reducing the dependence on Russia, others are actively increasing it, which skews the average results and lead to articles like these.
-
You're right. I've googled it since I've fortunately never had Gas, and a big energy company wrote it's measured in kWh/m³, but I guess the latter part doesn't really matter to the end consumer
Well if it's kept at constant pressure/density sure you can measure it in m³.
-
You're right. I've googled it since I've fortunately never had Gas, and a big energy company wrote it's measured in kWh/m³, but I guess the latter part doesn't really matter to the end consumer
My gas delivery is measured in cubic feet, then multiplied by a tested current BTU into Therms and billed per Therm. Does that make sense?
-
Be aware that some member states (such as Slovakia, Austria and Hungary) are playing a big role in this, as they have explicitly stated that they do not want to stop consuming Russian gas due to the cheap prices.
While some member states (such as Germany & the Netherlands) are actively reducing the dependence on Russia, others are actively increasing it, which skews the average results and lead to articles like these.
Hey hi, it's me, an American. I don't want to hear any more of this "only some Europeans" stuff. If I get lumped in with a bunch of dumbasses all of Europe is huffing Putin's gas.
-
Hey hi, it's me, an American. I don't want to hear any more of this "only some Europeans" stuff. If I get lumped in with a bunch of dumbasses all of Europe is huffing Putin's gas.
It may be hard to grasp for you guys, but Europe is not one big country.
-
Because fossil fuels provide half of Europe's energy generation, and you can't just give up buying it
¯_(ツ)_/¯Well. We could. If we had listened and acted 30 years ago, when we already knew climate change was going to be bad. Now the Leopards are feasting.
-
The source makes a different claim?
That part does not include energy imports. Those make up 63% of the EUs energy consumption and are pretty much only fossil fuels like oil, gas and coal.
-
Be aware that some member states (such as Slovakia, Austria and Hungary) are playing a big role in this, as they have explicitly stated that they do not want to stop consuming Russian gas due to the cheap prices.
While some member states (such as Germany & the Netherlands) are actively reducing the dependence on Russia, others are actively increasing it, which skews the average results and lead to articles like these.
This does play a re role, but relatively smaller one.
The most value comes from Oil and Oil products exported by ships. About half of the Russian LNG is also sold to EU countries, but it is a relatively small share of the total amount. You can see that the pipeline gas exports have declined strongly over the course of the war. But Oil only has taken a slight reduction.
The website also has graphs where the shipments go. For Turkey and India it is known that they help Russia circumvent EU sanctions, so a lot of the crude oil and oil products going there, end up back in the EU again.
-
The source makes a different claim?
Your source probably only refers to electricity. You also have to factor in heating and mobility.
-
My gas delivery is measured in cubic feet, then multiplied by a tested current BTU into Therms and billed per Therm. Does that make sense?
Yes. It is best to measure gas in terms of its energy content. Natural gas is a mixture of different compounds, mainly methane, but also ethane and small quantities of propane.
The composition is different from source to source. However for information on the scale of countries imports and exports it is often measured by unpressurized volume, because that is much easier to keep track off. And then it does not matter so much, if the gas had 5% more or less kWh/m³
