MOSCOW, October 12. /TASS/. Russia has supplied energy resources worth over $320 billion to Europe since 2022, Deputy Prime Minister Alexander Novak said in an interview with the Vesti news program.
"The figure for the period from 2022 to the present stands at $320.7 billion -- that is the total volume of energy resource supplies to European Union countries," he said.
Thus, according to the deputy prime minister, this figure is even higher than the one previously cited by the US side, which estimated European spending on supplies from the Russian Federation at $250 billion.
"Regarding 2026, according to the Energy Ministry, $21.3 billion worth of energy resources has already been supplied to Europe in just the first nine months. In other words, despite sanctions restrictions, our energy resources continue to be supplied along specific routes where exceptions have been made," Novak noted.
Novak emphasized that Russia continues to fulfill its contractual obligations. "It is not our fault that the share of exports to the European Union has changed significantly in recent years. However, we are supplying what our European counterparts want," he said.
Market stabilization measures
The deputy prime minister also stated that additional supplies of Russian diesel fuel to global markets, including the US, would help balance the complex situation caused by issues in the Strait of Hormuz and a global reduction in refining capacity.
"Today, we have the capacity to provide additional supplies to global markets, including the US market, to help balance the situation, which is currently quite complex due to issues in the Strait of Hormuz and a general reduction in global refining capacity caused by disrupted infrastructure and logistics," Novak said.
He noted that oil prices have nearly doubled, and that additional supplies from Russia are already having an impact. "These additional supplies from Russia to global markets will allow for increased volumes and help partially balance supply and demand. We are already seeing this on global markets, where diesel prices have adjusted downward by approximately 5-6%," the deputy prime minister added.