OREANDA-NEWS By the end of 2023, the total revenues of Russian exporters from the sale of oil, petroleum products and gas to the European Union (EU) countries amounted to 29.26 billion euros. This is reported by RBC with reference to statistical data from Eurostat analysts.

In comparison with the indicator of 2022, the income of Russian exporters from the sale of oil and petroleum products to the EU decreased by 2.9 times. Last year, revenue exceeded 90 billion euros. The high performance then was largely due to the rise in oil prices.

In addition to oil, petroleum products and gas, European countries purchased ferrous metals, nickel, aluminum, platinum group metals, fertilizers, inorganic chemical products, including nuclear fuel, and ammonia from the Russian Federation. In general, the Netherlands, Hungary, Italy, Belgium and Slovakia became the key importers of Russian products.

At the end of December, Deputy Prime Minister Alexander Novak stated that by the end of 2023, oil and petroleum products supplies to Europe would amount to 4-5 percent of total Russian exports. Thus, the indicator decreased tenfold over the year. In 2022, the share of European buyers in the structure of Russian exports was estimated at 40-45 percent.