Arya News - Four years ago, Russia was the largest supplier of oil to the European market, accounting for a quarter of all oil imports to the EU. By 2025, this share had plummeted to just 2%, Sputnik`s analysis based on Eurostat data shows:
In January–November 2025, the average cost of one barrel of oil imported by European countries was $77, compared to $68 four years earlier.This means that Europe is now paying $9 more per barrel than in 2021. As a result, the overpayment for the incomplete year of 2025 amounted to $27 billion, while for 2022–2024 it totaled $311 billion.Overall, since the EU’s introduction of anti-Russian sanctions that began in 2022, Europeans have overpaid $339 billion.