Seven EU countries increase energy imports from Russia - Reuters

Despite the sanctions, several EU states have increased purchases of Russian oil and gas

The seven countries of the European Union are France, Belgium, the Netherlands, Croatia, Romania, Portugal and Hungary - increased energy imports from Russia, the agency reports Reuters.

Despite the sanctions restrictions, these states continue to buy Russian petrochemical and gas products, in particular through grey supply schemes and existing long-term contracts.

«The data shows that some EU countries continue to make significant purchases of energy resources from Russia, including liquefied natural gas (LNG) and oil products through third parties», - says Reuters.

Highest growth in France and the Netherlands

According to statistics, France increases imports of Russian energy by 40% to €2.2bn, а Netherlands - by 72%, to EUR 498 million.
Growth was also recorded in Belgium, Croatia, Romania, Portugal and Hungary.

«European companies take advantage of embargo exemptions, especially in the LNG sector», the publication explains.

Sanctions do not stop flows

Despite Brussels' public statements, the EU remains one of the largest buyers of Russian LNG after China and India.
The main reason is Lack of alternative sources and existing contracts, concluded before the start of Russia's full-scale invasion of Ukraine.

«Even after three years of war, some states are not ready to completely abandon cheaper supplies from Russia,» Reuters adds.

Europe's reaction

Brussels said it was working on a new package of sanctions, which should restrict imports of LNG through intermediaries and mixed companies.
However, analysts admit that energy dependence on Russia remains one of the main weaknesses in the European economy.

«This is a dilemma between economic benefits and political position. Refusal from Russian gas without a ready-made alternative is a risk for the industry,» experts comment.