EU Spent €2.3 Billion on Russian Fossil Fuels in May, Ranking as Fourth Largest Buyer

Katherina Popilnichenko

4h ago· 4 min readenNews

Summary

The European Union was the fourth largest buyer of Russian fossil fuels in May 2026, spending €2.3 billion ($2.62 billion), which accounted for about 12% of Moscow's export revenues from its top five consumers. According to CREA's monthly analysis, Hungary led European imports with €674 million in Russian gas and oil, followed by Slovakia at €497 million. The report highlights ongoing European energy dependence on Russia despite geopolitical tensions.

Source

bskyEU Spent €2.3 Billion on Russian Fossil Fuels in May, Ranking as Fourth Largest Buyerunited24media.com

Key quotes

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The European Union ranked as the fourth largest buyer of Russian fossil fuels in May 2026, spending €2.3 billion ($2.62 billion) and accounting for approximately 12% of Moscow's export revenues from its top five consumers.

Hungary led European imports by purchasing €674 million ($767 million) worth of Russian gas and oil, followed closely by Slovakia at €497 million ($566 million).

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The EU purchased $2.62 billion of Russian fossil fuels, making up 12% of Moscow’s top export revenues, with Hungary, Slovakia, and Spain leading the imports.

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