Russia says it has delivered $320 billion worth of hydrocarbons to Europe since 2022

Despite sanctions restrictions, we continue to supply energy resources in certain areas for which exemptions have been granted.

Russia declared on Monday October 12 that it had sold more than $320 billion (286 billion euros) worth of hydrocarbons to European countries since 2022.

“This is the volume of deliveries of energy resources to the countries of the European Union,” Russian Deputy Prime Minister for Energy, Alexander Novak, explained on television.

According to him, European countries purchased $21.3 billion (around 19 billion euros) worth of Russian hydrocarbons in the first nine months of 2026 alone.

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The European Union has imposed multiple sanctions on Russia since the start of the offensive in Ukraine. But many countries, including France, continue to source hydrocarbons from it, particularly liquefied natural gas. Several states, including Slovakia and Hungary, also benefit from an exemption to purchase Russian oil transported by pipeline. This total does not take into account Russian hydrocarbons which reach Europe indirectly, after processing in third countries such as India and Turkey, which have massively increased, like China, their purchases of Russian crude since 2022.

Swedish Foreign Minister Maria Malmer Stenergard raised the issue at a meeting with her European Union counterparts in Luxembourg on Monday, pleading to levy Russian assets frozen in the EU. She denounced the purchase of Russian products "for a higher amount from EU countries than the aid we provided to Ukraine."