Europe "fills" Russia's coffers - Over 8 billion euros in tax revenue from European gas imports
European imports of Russian liquefied natural gas brought Moscow 8.1 billion euros in tax revenue between 2022 and 2024, according to research published by the organization Greenpeace. The Kremlin benefited from this amount by taxing European energy companies that have continued to import liquefied natural gas (LNG).
Even though the European Union cut off Russian gas supplies through pipelines after the invasion of Ukraine, LNG shipments remained high, reaching 12.8 billion cubic meters in the first half of 2024 alone, a 67 percent increase compared to the same period four years earlier.
From taxes on the profits of the Yamal LNG company alone, Russia's main exporter of liquefied gas to Europe and Asia, it is estimated that Russia has earned 8.1 billion euros, an amount that, according to Greenpeace, would be enough to buy 9.4 million artillery shells or produce 270,000 drones.
The countries that have imported the most LNG from Moscow are France, Germany, the Netherlands, Spain, Switzerland and the United Kingdom, all with long-term contracts that last until 2038 or even 2041.
However, these contracts are expected to be terminated ahead of schedule, as the EU is aiming to completely abandon imports of Russian liquefied gas by 2027. This decision is currently being discussed by European leaders and could trigger legal reactions from the Russian state company Gazprom.
Meanwhile, the United States exported 52.7 billion cubic meters of LNG to the EU in the first half of 2025 alone, and this amount is expected to increase further after a new trade agreement between the bloc and the US. This partnership obliges the European bloc to buy around 213 billion euros of American energy products each year.
Greenpeace warns that to increase energy independence from American and Russian influence, Europe must end its dependence on fossil gases and quickly transition to an energy system based on renewable sources.
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