Run-through
President Trump revealed the U.S.’s preparedness to enforce brand-new energy sanctions on Russia, contingent upon all NATO countries stopping Russian oil purchases. In spite of import and export limitations, the EU continues to import Russian oil, gas, and fertilizers. While EU and U.S. imports from Russia have actually reduced general given that 2021, some crucial products like fertilizers and enriched uranium stay substantial.
U.S. President Donald Trump stated on Saturday that the United States was prepared to enforce fresh energy sanctions on Russia, however just if all NATO countries stopped acquiring Russian oil and carried out comparable procedures.
More than 3 years after Russia introduced its major intrusion of Ukraine, the U.S. and European Union still import billions of euros worth of Russian energy and products, varying from melted gas to enriched uranium.
Here are the primary industrial ties that the EU and the U.S. keep with Russia, and their development over the last 4 years:
EU TRADE WITH RUSSIA
The EU has actually enforced numerous import and export constraints on numerous items, leading to a 61% decrease in exports to Russia and an 89% drop in imports from Russia in between the very first quarter of 2022 and the 2nd quarter of 2025, according to the most recent information from Eurostat.
In the 2nd quarter of 2025, EU exports to Russia increased, while imports reduced, turning a trade deficit to a surplus of 0.8 billion euros.
The EU, nevertheless, continues to buy oil, nickel, gas, fertilizer, iron and steel from Russia.
OIL
4 years back, Russia was the biggest provider of petroleum items to the EU, however the EU restriction on maritime imports of Russian petroleum lowered its share to 2.01% in 2025 up until now from 28.74% in 2021.
The share of petroleum oil imports from Russia fell from 29% in the very first quarter of 2021 to simply 2% in the 2nd quarter of 2025.
GAS
Russia’s share in EU imports of gas dropped to 12% in the 2nd quarter of 2025 from 48% in the very first quarter of 2021.
In this duration the share for Norway (+10%) increased by the sharpest quantity, however Algeria (+2%) ended up being the EU’s biggest partner, representing 27% of the bloc’s gas imports.
Russia still provides some EU nations such as Hungary and Bulgaria by means of the TurkStream undersea gas pipeline from Turkey.
LNG
The worth of EU imports of melted gas from Russia increased substantially in between the very first quarter of 2021 and the 2nd quarter of 2022 as rates increased greatly.
Russia’s share in EU imports of LNG had actually reduced to 14% in the 2nd quarter of 2025 from 22% in the very first quarter of 2021.
The United States was the most significant provider of the frozen gas to Europe in the 2nd quarter of this year, with its share reaching 54%.
IRON AND STEEL
Russia’s share in non-EU iron and steel imports plunged to 6% in the 2nd quarter of 2025 from 18% 4 years earlier.
FERTILIZERS
Russia stayed, since the 2nd quarter of 2025, the biggest exporter of fertilizers into the 27-nation EU, and its share of that market had actually increased to 34% from 28% over the last 4 years.
The European Parliament enacted May to enforce expensive tariffs on Russian fertilizer imports, however they will just be presented in stages and it is prematurely to evaluate their most likely effect on the marketplace.
U.S. IMPORTS FROM RUSSIA
U.S. imports from Russia was up to $2.50 billion in the very first half of 2025 from $14.14 billion 4 years previously, according to U.S. Census Bureau and U.S. Bureau of Economic Analysis information. Given that January 2022, the United States has actually imported $24.51 billion of Russian products.
In 2015, the U.S. imported around $1.27 billion of Russian fertilizers, up somewhat from $1.14 billion in 2021.
URANIUM, PLUTONIUM
The U.S. imported enriched uranium and plutonium from Russia worth around $624 million in 2024, below $646 million in 2021.
PALLADIUM
Russia exported palladium to the United States for around $878 million in 2024, below $1.59 billion in 2021.
