Russia sends more energy to Asia as Europe cuts back

BERLIN: Russia sent significantly more oil and coal to India and China over the summer compared with the start of the year, while European countries have cut back sharply in response to the war in Ukraine, said areport published on Tuesday.
The Centre for Research on Energy and Clean Air said Russia received about €158 billion ($158 billion) in revenue for the sale of oil, natural gas and coal from February to August, more than half of which — some €85 billionworth — was exported to the European Union.
Within the EU, Germany was the biggest importer, buying €19 billionworth of fossil fuels from Russia during the sixmonth period. The single biggest importer worldwide was China, which bought €35 billionworth of Russian energy, the Helsinki-based group said.
While Russia’s revenue rose, overall export volumes dropped by 18% compared with when the country invaded Ukraine, the report said.
The EU has cut its imports from Russia by 35% since the war began. Russia itself has sharply cut flows of natural gas to the EU, indicating this week that they would not resume unless Western sanctions are lifted.
Meanwhile, India and China imported significantly more coal and crude oil from Russia in July and August than in February and March, the group said.