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The Guardian - UK
The Guardian - UK
World
Fiona Harvey environment correspondent

Russia doubles fossil fuel revenues since invasion of Ukraine began

Russia Oil Ukraine Vladimir Putin United Kingdom European Union Germany CREA Coal Shell
Steam leaves a cooling tower of the Lichterfelde gas-fired power plant in Berlin, Germany, in March 2022.
Steam leaves a cooling tower of the Lichterfelde gas-fired power plant in Berlin, Germany in March 2022. Photograph: Michael Sohn/AP

Russia has nearly doubled its revenues from selling fossil fuels to the EU during the two months of war in Ukraine, benefiting from soaring prices even as volumes have been reduced.

Russia has received about €62bn from exports of oil, gas and coal in the two months since the invasion began, according to an analysis of shipping movements and cargos by the Centre for Research on Energy and Clean Air.

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