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Germany was the most important purchaser of Russian power in the course of the first two months because the begin of the battle in Ukraine, an impartial analysis group stated Thursday.
A examine revealed by the Centre for Analysis on Power and Clear Air calculates that Russia earned 63 billion euros (USD66.5 billion) from fossil gas exports since February 24, the date Russian troops attacked Ukraine.
Utilizing knowledge on ship actions, real-time monitoring of fuel flows by means of pipelines and estimates primarily based on historic month-to-month commerce, the researchers reckoned Germany alone paid Russia about 9.1 billion euros for fossil gas deliveries within the first two months of the battle.
Claudia Kemfert, a senior power professional on the German Institute for Financial Analysis who was not concerned within the examine, stated the figures have been believable given the latest sharp enhance in costs for fossil fuels. Final yr, Germany paid about 100 billion euros in complete for imports of oil, coal and fuel — 1 / 4 of which went to Russia, she stated.
The German authorities stated it could not touch upon estimates and declined to offer any figures of its personal, saying these would wish to come back from firms that procure the coal, oil and fuel.
Germany has confronted sturdy criticism for its reliance on Russia fossil fuels regardless of warnings from allies that this might endanger its personal and European safety. Then-Chancellor Angela Merkel pushed again final yr towards U.S. efforts to sanction a Russian fuel pipeline to Germany, a call strongly backed by her successor, Olaf Scholz, whose Social Democratic Social gathering have lengthy advocated power cooperation with Russia.
The pipeline was solely frozen by Scholz’s new center-left authorities shortly earlier than Russia’s invasion of Ukraine. It has since scrambled to seek out various power provides, significantly for Russian pure fuel, which now accounts for 35 per cent of Germany’s complete imports.
Kemfert stated a latest pledge by the German authorities to supply electrical energy solely from renewable sources by 2035 was welcome.
“However so long as Germany continues to purchase fossil fuels, whether or not from Russia or different autocracies, it undermines each its personal credibility and its power safety,” she stated.
The Centre for Analysis on Power and Clear Air, which relies in Finland and funded by means of grants and analysis contracts, stated the second-biggest importer of Russia fossil fuels within the two months because the outbreak of battle was Italy (6.9 billion euros), adopted by China (6.7 billion euros).
As an entire, the European Union accounted for 71 per cent of Russia’s complete earnings from oil, fuel and coal, value roughly 44 billion euros, it stated.
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April 28, 2022
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