https://sputnikglobe.com/20260521/eu-lost-up-to-1t-after-rejecting-russian-raw-materials---russian-foreign-ministry-1124164239.html
EU Lost Up to $1T After Rejecting Russian Raw Materials - Russian Foreign Ministry
EU Lost Up to $1T After Rejecting Russian Raw Materials - Russian Foreign Ministry
Sputnik International
The European Union has already lost up to $1 trillion after rejecting Russian raw materials and hydrocarbons, Dmitry Birichevsky, Director of the Russian Foreign Ministry's Department of Economic Cooperation, told Sputnik.
2026-05-21T03:52+0000
2026-05-21T03:52+0000
2026-05-21T04:52+0000
world
russia
european union (eu)
liquefied natural gas (lng)
nord stream
business
sputnik
https://cdn1.img.sputnikglobe.com/img/07e8/0b/15/1120947617_0:318:3073:2047_1920x0_80_0_0_7c79b4e1cbea6ade2f54f3b627f8d273.jpg
"They have already lost a lot. I have seen the figure, up to $1 trillion. Rejection of Russian raw materials and hydrocarbons has resulted in losses due to higher prices, as they are buying at higher prices from other sources. This includes the terrorist attack against Nord Streams, as well as the EU's own decision to abandon Russian hydrocarbons," Birichevsky said. In March, Russian President Vladimir Putin said it might be more advantageous for Russia to stop liquefied natural gas (LNG) supplies to the European market before the EU ban and gain a foothold on newly emerging markets. The president said he would instruct the government and businesses to address the issue. Russia previously said the West had made a serious mistake by refusing to buy hydrocarbons from Russia; it would get into a new, stronger dependence due to higher prices, while those who refused still buy through intermediaries at higher prices and would continue to buy Russian oil and gas.
https://sputnikglobe.com/20260519/eu-doubles-purchases-of-russian-lng-in-march-1124150007.html
russia
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2026
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
russia, european union (eu), liquefied natural gas (lng), nord stream, business, sputnik
russia, european union (eu), liquefied natural gas (lng), nord stream, business, sputnik
EU Lost Up to $1T After Rejecting Russian Raw Materials - Russian Foreign Ministry
03:52 GMT 21.05.2026 (Updated: 04:52 GMT 21.05.2026) The European Union has already lost up to $1 trillion after rejecting Russian raw materials and hydrocarbons, Dmitry Birichevsky, Director of the Russian Foreign Ministry's Department of Economic Cooperation, told Sputnik.
"They have already lost a lot. I have seen the figure, up to $1 trillion. Rejection of Russian raw materials and hydrocarbons has resulted in losses due to higher prices, as they are buying at higher prices from other sources. This includes the terrorist attack against Nord Streams, as well as the EU's own decision to abandon Russian hydrocarbons," Birichevsky said.
In March, Russian President Vladimir Putin said it might be more advantageous for Russia to stop liquefied natural gas (LNG) supplies to the European market before the EU ban and gain a foothold on newly emerging markets. The president said he would instruct the government and businesses to address the issue.
Russia previously said the West had made a serious mistake by refusing to buy hydrocarbons from Russia; it would get into a new, stronger dependence due to higher prices, while those who refused still buy through intermediaries at higher prices and would continue to buy Russian oil and gas.
