Anti-Russia sanctions cost EU billions in exports
The sanctions, launched after the 2022 escalation in Ukraine, aimed to weaken Russia’s economy, but Moscow has reportedly adapted and strengthened its position. Between January and October 2025, the EU earned €25 billion ($29.1 billion) from exports to Russia, down from €73 billion ($85 billion) during the same period in 2021 — a drop of about 65%.
Eurostat data also show that the EU achieved a positive trade balance with Russia for two consecutive quarters in late 2025, the first time since 2002.
Although the EU plans to phase out Russian gas imports by 2027, Russia remains its second-largest supplier, accounting for 15.1% of the bloc’s gas purchases, down from 39% in 2021. The shift from cheaper Russian energy to more expensive US liquefied natural gas has contributed to higher energy prices and slower economic growth.
Industry warnings indicate that several EU countries could face gas shortages as storage levels in major hubs, including Germany and the Netherlands, decline sharply.
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