Business · Energy & Commodities · 6 hrs ago
Novak says Russia supplied the EU with $320.7 billion in energy since 2022
Russian Deputy Prime Minister Alexander Novak says Russia has supplied the European Union with energy worth $320.7 billion since 2022.
He said the total includes $21.3 billion in supplies during the first nine months of 2026.
Novak said Russian energy continues to reach Europe through routes covered by exceptions to sanctions, and that Russia is meeting its contracts.
His figure is higher than a $250 billion estimate previously cited by the United States.
Novak also said Russia could send more diesel to global markets, including the United States, amid problems around the Strait of Hormuz and reduced refining capacity.
He said extra Russian supplies were helping ease pressure on diesel prices, which had fallen by about 5% to 6%.
The figures and market assessment are Novak’s statements; no further action or timeline was given.
Russian Deputy Prime Minister Alexander Novak said Russia had supplied the European Union with energy resources worth $320.7 billion since 2022.
He said the total exceeded a previously cited US estimate of $250 billion.
Novak said supplies worth $21.3 billion had gone to Europe in the first nine months of 2026, despite sanctions restrictions.
He said Russia continued to meet its contractual obligations and supply energy requested by European counterparts.
Novak also said Russia and the United States had begun discussions on diesel fuel shipments, while Russia could increase monthly diesel exports to 3.5 million tonnes by year-end.
- Who
- Russian Deputy Prime Minister Alexander Novak.
- What
- He said Russia had supplied the EU with $320.7 billion in energy resources since 2022.
- When
- Since 2022; Novak also cited supplies of $21.3 billion in the first nine months of 2026.
- Where
- European Union countries.
- Why
- Not stated
This story does not have two clearly opposing sides.
Russia supplied energy resources to European Union countries, Novak said.
Russia supplied Europe with energy resources worth $21.3 billion, according to Novak.
Novak gave the figures in an interview with the Vesti news program.
- Total since 2022
- $320.7 billion in energy supplies to EU countries
- US estimate cited by Novak
- $250 billion
- First nine months of 2026
- $21.3 billion in energy supplies to Europe
- Potential monthly diesel exports by year-end
- 3.5 million tonnes
What people are saying
The figure for the period from 2022 to the present stands at $320.7 billion -- that is the total volume of energy resource supplies to European Union countries
It is not our fault that the share of exports to the European Union has changed significantly in recent years. However, we are supplying what our European counterparts want
Sources
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