By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Oxford HeraldOxford HeraldOxford Herald
  • Home
  • World
  • Europe
  • USA
  • Middle East
  • Asia
  • General
  • Business
  • Entertainment
  • Technology
  • Health
  • Sports
  • Newsroom
  • Opinions
  • Sitemap
Reading: Europe bankrolls Putin’s war machine even as NATO races to bolster defenses
Share
Notification Show More
Font ResizerAa
Oxford HeraldOxford Herald
Font ResizerAa
  • World
  • Travel
  • Science
  • Technology
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest

Europe bankrolls Putin’s war machine even as NATO races to bolster defenses

Last updated: July 13, 2026 10:23 pm
RNN
2 weeks ago
Share
Europe bankrolls Putin's war machine even as NATO races to bolster defenses
SHARE

Even as NATO allies increase defense spending, arm Ukraine and impose sanctions aimed at weakening the Kremlin, European Union countries haven’t yet been able to shake dependence on Russian liquefied natural gas, providing Russia with a key source of revenue as it wages war in Ukraine.

A new analysis of commercial shipping data shows European countries spent billions in the first half of 2026 on purchases of Arctic liquefied natural gas. Environmental watchdog Urgewald, using trade intelligence platform Kpler shipping data, found that 136 cargoes of the 140 cargoes exported from Russia’s flagship Yamal liquefied natural gas project between January and June were delivered to European Union ports. 

China, once viewed as a major market for the Arctic project, received just four cargoes during the same period, the analysis found. 

The group estimated those shipments were worth roughly €5.96 billion, or about $6.8 billion, based on benchmark European natural gas prices.

DRONE OFFENSIVE HITS RUSSIAN OIL TANKERS AND REFINERIES AT ‘INDUSTRIAL SCALE’ AS MOSCOW BANS DIESEL EXPORTS

The figures expose one of the central contradictions confronting Europe four years into Russia’s invasion of Ukraine: While European governments have pledged to end dependence on Russian fossil fuels and cut off a key source of the Kremlin’s revenue, significant payments for Russian liquefied natural gas continue flowing during the bloc’s transition away from Russian energy.

The analysis found French ports were the destination for 51 cargoes from the Yamal liquefied natural gas project, followed by Belgium with 37 and Spain with 34 during the first six months of the year, according to the analysis. The figures reflect deliveries to ports rather than the nationality of the companies purchasing the liquefied natural gas or its ultimate destination within the European market, a spokesperson with France’s embassy in Washington emphasized. 

The findings also come as NATO allies have committed to sharply increasing defense spending to 5% of GDP in response to Russia’s invasion of Ukraine, highlighting the challenge of simultaneously strengthening Europe’s military deterrence while significant energy revenues continue flowing to Moscow.

The European Union has adopted legislation to phase out Russian gas imports in stages, with a ban on Russian liquefied natural gas under long-term contracts taking effect on Jan. 1, 2027, and a ban on Russian pipeline gas under long-term contracts following on Sept. 30, 2027. While pipeline gas imports from Russia have fallen sharply since 2022, Russian liquefied natural gas has remained a significant source of supply for several European countries.

TRUMP CALLS OUT NATO AHEAD OF SUMMIT, CALLING IT ‘RIDICULOUS’ FOR US TO PERSIST ON ‘ONE SIDED PATH’

President Donald Trump has criticized Europe for its continued dependence on Russian fuel sources. 

“Europe has sadly spent more money buying Russian oil and gas than they have spent on defending Ukraine, by far,” Trump said during his March 4, 2025, address to a joint session of Congress. 

European Commission spokesperson Anna-Kaisa Itkonen said the increase likely reflected “frontloaded deliveries and adjustments to contractual arrangements ahead of tighter restrictions,” noting that the ban on new Russian gas contracts only took effect in March and that most remaining imports are under long-term con

Sharon Osbourne marks first wedding anniversary since Ozzys death and says their love survives
Transgender Maine Senate candidate sparks online frenzy over response to debate question: ‘Can’t be serious’
‘Pioneer Woman’ reveals simple omelet trick to cut breakfast prep time as expert raises concerns
Detroit sisters accused of stabbing restaurant worker after wrong food order
Irans $800M oil smuggling scheme uses tankers posing as Iraqi ships to dodge blockade
TAGGED:EuropelatestRussia
Share This Article
Facebook Email Print
Previous Article California nurse under fire after post wishing death on Trump, Lindsey Graham California nurse under fire after post wishing death on Trump, Lindsey Graham
Next Article Microwaved squishy toy explodes onto boy's face and chest amid viral trend, causing horrific burns Microwaved squishy toy explodes onto boy’s face and chest amid viral trend, causing horrific burns
about us

Runway News Network (RNN) is a UK-based digital media group operating multiple independent news platforms across the United Kingdom. We provide structured journalism, press syndication and AI-optimised news distribution for organisations seeking national and regional visibility.

  • Sitemap
  • Advertise

Find Us on Socials

Oxford HeraldOxford Herald
© Runway News Network. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?