Germany Paid Russia €9 Billion for Energy Since Ukraine Invasion: Study
Germany has been the largest customer of Russian energy of any country during the first two months of the invasion of Ukraine, a study has found.
The study, Financing Putin’s War on Europe, from the Centre for Research on Energy and Clean Air (CREA) found that in total, Russia has taken in €63 billion ($66.5/£53.5 billion) in exchange for oil and natural gas exports since launching its invasion of Ukraine on February 24th.
Germany represented by far the largest consumer of Russian energy according to the study, which claimed that Germany handed over €9.1 billion ($9.65/£7.75 billion) to Moscow since the beginning of the invasion. The next largest buyers were Italy at €6.9 billion and China with €6.7 billion during the same time span.
Germany has come under considerable scrutiny both at home and abroad as the war in Ukraine has exposed its reliance on Russia economically and therefore hampering its ability to act meaningfully on the world stage.
The scandal has also exposed the folly of Germany’s green agenda, which has been unable to fulfil its energy demands. The economic powerhouse of Europe is now facing warnings of a potential recession, should Russia shut off the taps, as it has already with Poland and Bulgaria for their refusal to pay Moscow in rubles rather than Western currency. – READ MORE
Responses