Over the past year, the EU has been remarkably successful at diversifying its supply of fossil fuels away from Russia towards other third-country suppliers (see Figure 1 below). According to data from Eurostat, ‘Russia’s share of EU energy imports fell by more than 10 percentage points between the first and third quarter of 2022, from 25.5% to 15.1%’. In fact, the process of ending the EU’s reliance on Russian fossil fuels is ongoing and will continue to be impacted by new EU sanctions policies.
EU dependency on energy imports from Russia
EU dependency on energy imports from Russia (million tonnes of mineral fuels – oil, gas and solid fossil fuels)
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