Russia is on track to generate €20 billion ($22.7 billion) this year from selling energy and raw materials to the EU.
According to a report by the German tabloid Bild, this is more than the amount of military aid Europe has provided to Ukraine.
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Russian oil, gas, coal, and Uranium will earn Moscow €233 billion ($263.5 billion) this year to finance its war against Ukraine. China, India, and Turkey import the largest portion of Russia’s energy and materials in monetary value.
Last year, Europe spent $26 billion on Russian energy, but it plans to wean itself off imports from Russia by 2030.
US President Donald Trump had previously criticized the EU for spending more on Russian imports than it has sent to Ukraine.
An EU website estimates that the European Union has provided over $158 billion in financial, military, humanitarian, and refugee assistance to Ukraine since the start of the full-scale invasion.
The EU still imports nearly a fifth of its energy from Russia, down from 45% before the full-scale invasion began in February 2022, according to Euronews.
Europe is considering implementing additional sanctions on Russia.
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