cross-posted from: https://lemmy.ml/post/26410527
The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a report marking the third anniversary of the invasion has found.
The EU bought €21.9bn (£18.1bn) of Russian oil and gas in the third year of the war, according to estimates from the Centre for Research on Energy and Clean Air (Crea), despite the efforts under way to kick the continent’s addiction to the fuels that fund Vladimir Putin’s war chest.
The amount is one-sixth greater than the €18.7bn the EU allocated to Ukraine in financial aid in 2024, according to a tracker from the Kiel Institute for the World Economy (IfW Kiel).
It honestly depends on the source of the gas (i.e. cost of extraction and refinement) and transport method (pipeline vs. shipped). It is difficult to average this over a long period of time. You could look at Gazprom’s reported profit margin, but again this is not helpful without context.
Prices I’ve seen are typically quoted in $/mmbtu - it’s a weird unit, but it works for whatever reason.