In February 2022, Russian President Vladimir Putin launched a full-scale invasion of Ukraine, but the US and the European Union are still importing Russian energy and commodities. The amounts are estimated at billions of euros, Reuters writes.
Since the start of the war, trade between the EU and Russia has fallen sharply due to sanctions and restrictions on the import of some goods. According to the latest data from Eurostat, imports from Russia fell by 86% from the first quarter of 2022 to the first quarter of this year.
Imports of goods from Russia in the first quarter of 2025 amounted to 8.74 billion euros, or $10.11 billion, compared with 30.58 billion euros four years ago. Since January 2022, Brussels has imported Russian goods worth 297 billion euros.
At the same time, the EU continues to buy oil, nickel, gas, fertilizers, iron and steel from Moscow.
Four years ago, Russia was the largest supplier of petroleum products to the EU, but the Union’s ban on seaborne imports of Russian crude oil reduced its share from 28.74% in 2021 to 2.01% in 2025. Oil imports fell from €14.06 billion four years ago to €1.48 billion in the first quarter of 2025.
At the same time, Russia’s share of natural gas imports fell to 17% in the first quarter of 2025 from 48% in the first quarter of 2021.
In addition, Russia’s share of ferrous metal imports from non-EU countries fell to 7.71% from 18.28%.
As for fertilizers, Russia remained the largest exporter to the EU as of the first quarter of 2025. Its share has fallen from 28.15% to 25.62% over the past four years.
Unlike Europe, India’s imports from Moscow increased from $8.25 billion in 2021 to $65.7 billion in 2024. Oil was the main driver of growth. The volume of trade in “black gold” increased from $2.31 billion in 2021 to $52.2 billion in 2024.
At the same time, imports of coal and its processed products from Russia increased from $1.12 billion in 2021 to $3.5 billion.
Fertilizer imports from Russia also increased from $483 million in 2021 to $1.67 billion in 2024.
US imports from Russia fell to $2.5 billion in the first half of 2025 from $14.14 billion four years ago. Since January 2022, the US has imported Russian goods worth $24.51 billion.
Last year, Washington imported about $1.27 billion worth of Russian fertilizers, slightly more than in 2021 ($1.14 billion).
Also in 2024, the United States purchased about $624 million worth of enriched uranium and plutonium from Moscow, slightly lower than in 2021 ($646 million). During the same period, Russia exported about $878 million worth of palladium to the United States, lower than in 2021 ($1.59 billion).
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