- June 2025 — Monthly analysis of Russian fossil fuel exports and sanctions
- June 2025 — Monthly analysis of Russian fossil fuel exports and sanctions - Keith-264 September 14, 2025, 11:18 am
Posted by Keith-264
on September 14, 2025, 11:18 am
|
https://energyandcleanair.org/june-2025-monthly-analysis-of-russian-fossil-fuel-exports-and-sanctions/ Russian fossil fuel revenues in the second quarter of 2025 dropped by 18% year-on-year — the lowest in a quarter since the invasion of Ukraine. This occurred despite an 8% increase in volumes exported in Q2 compared to Q1 of 2025. In Q2 2025, Russian fossil gas exports to Europe continued to decline, deepening the downturn that began in Q1 following the end of gas transit through Ukraine. Total monthly exports fell from 3.32 bcm in April to just 3.01 bcm in June, representing a 9.4% drop quarter-on-quarter. In June, Belgium’s purchases of Russian LNG rose by 12% in volume terms month-on-month totalling EUR 300 mn. Over half of Russian seaborne oil exports were transported on G7+ tankers in June, a 6 percentage point increase from May. Since January, the G7+ share in Russian oil transport has increased from 36% to 56%. Since introducing sanctions until the end of June 2025, thorough enforcement of the price cap would have cut Russia’s export revenues by 11% (EUR 39.51 bn). In June alone, full enforcement of the price cap would have reduced revenues by 5% (approximately EUR 0.55 bn). The EU Commission recently proposed lowering the oil price cap to USD 45 per barrel, considering current global oil prices. CREA analysis suggests that a USD 45 per barrel price cap would have cut Russian revenues by 28% (EUR 3.1 bn) in June alone. |
| Message Thread:
« Index |