European countries reduced their dependence on russian gas to 10% since full-scale invasion – IMF

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Since the onset of russia’s full-scale aggression against Ukraine, European countries reduced their dependence on russian gas from 40% before the war to 10% at the current stage, Alfred Kammer, Director of the European Department of the International Monetary Fund, was cited as saying by ukrinform.net.

“Our dependence on russia has fallen quite significantly, from 40% before the war to 10% now,” official said. He emphasized that the European market is now increasingly being filled with alternative gas supplies. In this regard, he pointed to the supply of liquefied natural gas (LNG) to Europe by sea.

“And the same is applicable on the oil side where russian oil and oil products are being substituted through other import channels,” Kammer noted. Financial linkages with the russian economy remain “very limited” and that they have been “reduced further,” Kammer added.

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