Russia reports over $320 billion in hydrocarbon sales to European Union

Alexander Novak stated that Russia has sold European Union countries more than $320.7 billion worth of hydrocarbons since 2022. He added that European countries purchased $21.3 billion worth of Russian hydrocarbons in the first nine months of 2026. Novak noted that despite sanctions, energy resources continue to be supplied in areas granted exemptions, and Russian oil exports may reach pre-war levels by the end of the year.

The sales figures confirm continued energy resource deliveries from Russia to the European Union, even with sanctions in place. The continued supply, particularly to landlocked countries benefiting from exemptions, indicates that Russian energy remains a significant factor in the European market.