Russia says it has delivered $320 billion worth of hydrocarbons to Europe since 2022

Russian Deputy Prime Minister Alexander Novak said on Monday that European Union countries have purchased more than $320 billion worth of Russian hydrocarbons since 2022, despite Western sanctions imposed in response to the war in Ukraine.

According to Novak, $21.3 billion of these purchases took place in the first nine months of 2026 alone, indicating that trade is continuing at a significant pace despite the restrictions in place.

Sanctions that haven't cut off all flows

Since Russia launched its offensive in Ukraine in 2022, the European Union has imposed several waves of sanctions targeting the Russian energy sector in particular, seeking to reduce its dependence on Russian hydrocarbons. However, the figures put forward by Moscow suggest that significant volumes are still flowing into the European market.

Novak's statements had not been immediately commented on by European officials, and no detailed breakdown by country or type of hydrocarbon was provided at this time.