The week of 31 July to 6 August 2023, Russia exported an estimated EUR 3.28 bn worth of fossil fuels: EUR 1.86 bn oil, EUR 0.62 bn oil products and chemicals, EUR 0.53 bn gas and EUR 0.27 bn coal.
EUR 1.4 bn of Russian fossil fuels were loaded on European/G7 owned or insured tankers, the week of 31 July to 6 August 2023, helping finance Russia’s invasion of Ukraine.
The week of 31 July to 6 August 2023, the top five importers of Russian fossil fuels were China, Turkey, India, EU & Taiwan.
|The weekly update of Russian fossil fuel exports was prepared by Isaac Levi, Europe-Russia Policy & Energy Analysis Team Lead, CREA; and Hubert Thieriot, Lead Data Scientist, CREA.|
|Note on methodology:|
From 2023‑04‑03, our weekly snapshot values are no longer seasonally corrected, which may lead to some disparities between the preceding and following reports. We have also adjusted our time frame to show totals since the start of 2023 rather than the start of the invasion.
Dates featured are the date the arrival of the shipment was captured by our algorithm. 80% of arrivals for shipments are found within 4 days of the arrival portcall in the specific port. For our oil products and chemicals commodity group, please note this contains a wider range of items than just those specified in the current sanctions, as of 2023‑02‑05.
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