While the EU is pivoting to American LNG, the switch comes with a price premium and security of supply concerns.
Europe says it has turned the page on Russian energy, but 2025 data tell a different story: the European Union continues to import gas from Russia —above all in the form of LNG— and a fraction of crude thanks to exemptions on the Druzhba pipeline. In July, the five largest buyers transferred 1.100 billion euros to Russian suppliers; more than two-thirds was gas via TurkStream or LNG carriers. Hungary (485 M€) topped the list, followed by France (239 M€, all LNG), Slovakia (169 M€), Belgium (102 M€), and Spain (66 M€). One month earlier, the EU-wide total was 1.470 M€.
