While in the second quarter of last year the European Union covered about 28 percent of the import of energy raw materials with supplies from Russia, in the third quarter of this year it was only 15 percent. This follows from current Eurostat data.
The turn of the third and fourth quarter brought a drop in energy raw materials from Russia
The decline in Russia’s share of imports of energy raw materials into the European Union began at the turn of the third and fourth quarter of last year. Even then, disputes between Russia and Germany regarding the certification and commissioning of the Nord Stream 2 gas pipeline began to manifest themselves. Russia tried to respond to the procrastination of the German regulator Bundesnetzagentur by closing the gas taps at the other gas pipelines through which it supplied the European Union.
What was the import like before?
However, according to Eurostat , the dramatic drop in Russian imports of energy raw materials occurred after the invasion of Ukraine by Russian troops. While in the third quarter of 2021 this share reached approximately 28 percent, it decreased to 20 percent at the end of the first quarter of this year and continued to decline in subsequent quarters. By the end of the third quarter of 2022, Russia was already participating in the import of energy commodities to the twenty-seventh of only about 15 percent. The share of the USA (from less than 10 to around 13 percent) and Great Britain (from about 5 to about 8 percent) rose significantly.