07/01/2026
Ever since the start of the Ukraine war, India has imported Russian crude oil worth 144 billion euro, contributing to the Kremlin’s cumulative earnings from global oil sales since February 2022, which stands at a whopping 1 trillion euros. India is the second-largest purchaser of Russian oil after China, the European think tank Centre for Research on Energy and Clean Air (CREA) said on Tuesday (January 6), reported Press Trust of India.
China purchased Euro 210.3 billion worth of Russian oil, along with coal worth another Euro 42.7 billion and gas worth Euro 40.6 billion. China’s total buy since the start of the war till January 3, 2026, amounts to Euro 293.7 billion.
Similarly, India purchased Euro 162.5 billion worth of fossil fuels including Euro 143.88 billion worth of oil and Euro 18.18 billion worth of coal from Russia, said CREA.
Among other countries, the European Union spent Euro 218.1 billion on purchasing Russian fossil fuels including 106.3 billion Euro in oil, Euro 3.5 billion on coal and Euro 108.2 billion on gas.
“As of January 2026, Russia has earned 1 trillion euros and counting from global fossil fuel sales since the start of the full-scale invasion of Ukraine on February 24, 2022, revenue that continues to fund displacement, destruction, and death in Ukraine,” said CREA in a statement, reported Press Trust of India.
Earlier, in response to Moscow’s invasion of Ukraine, G7 countries (the US, the UK, Canada, Japan, Italy, France and Germany) along with the EU have imposed sanctions and export controls against Russia.
