Report: Germany’s main purchaser of Russian power for the reason that begin of the struggle

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BERLIN (AP) – Germany was the most important purchaser of Russian power throughout the first two months of the struggle in Ukraine, an unbiased analysis group stated on Thursday.

A research printed by the Heart for Laptop Vitality and Clear Air Analysis reveals that Russia has earned 63 billion euros ($ 66.5 billion) from fossil gas exports since February 24, the date Russia’s forces attacked Ukraine.

Utilizing knowledge on ship actions, real-time monitoring of gasoline flows in pipelines and estimates based mostly on historic month-to-month commerce, the researchers estimated that Germany alone paid Russia about 9.1 billion euros for the availability of fossil fuels – principally pure gasoline – within the first two months of struggle.

Claudia Kempert, a senior power knowledgeable on the German Institute for Financial Analysis who was not concerned within the research, stated the figures had been affordable given the current sharp rise in fossil gas costs. Final yr, Germany paid about 100 billion euros in whole for imports of oil, coal and gasoline – 1 / 4 of which went to Russia, she stated.

The German authorities stated it couldn’t reply to estimates and refused to supply its personal knowledge, saying these must come from corporations buying the power provide.

Germany has confronted harsh criticism for its reliance on Russian fossil fuels regardless of warnings from allies that this might jeopardize its personal safety and that of Europe. Chancellor Angela Merkel final yr pushed for US efforts to halt a Russian gasoline pipeline to Germany, a choice strongly backed by his successor, Olaf Schultz, whose Social Democratic celebration has lengthy advocated energetic cooperation with Russia.

The pipeline was frozen solely by Schultz’s new center-left authorities shortly earlier than Russia’s invasion of Ukraine. Since then it has struggled to search out another power provide, particularly for Russian pure gasoline, which now accounts for 35% of Germany’s whole imports.

Kempert stated the German authorities’s newest promise to generate electrical energy solely from renewable sources by 2035 was welcome.

“However so long as Germany continues to purchase fossil fuels, whether or not from Russia or different autocratic international locations, it undermines each its reliability and its power safety,” she stated.

The Finnish Heart for Vitality and Clear Air Analysis, funded by grants and analysis contracts, stated that the second largest importer of fossil fuels in Russia within the two months for the reason that outbreak of the struggle was Italy (6.9 billion euros). By China (6.7 billion euros).

South Korea, Japan, India and the US additionally acquired Russian power after the beginning of the struggle, although much less considerably than the European Union. Total, the 27-nation bloc accounted for 71% of Russia’s whole oil, gasoline and coal revenues, price about € 44 billion, the CREA report stated.

Lori Mailwirta, the group’s chief analyst, stated year-on-year comparisons had been tough, however he estimated that Russia’s exports to Europe in the identical interval of 2021 had been price € 18 billion.

“So 44 billion euros (…) represents a doubling from final yr,” he stated. “The principle motive is that gasoline costs available in the market rose from about 10 euros per MWh a yr in the past to greater than 100.”

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