"The report highlights the direct financial pipeline between European energy purchases and Russia's war machine, revealing that corporate income tax revenues from Yamal LNG exports to EU buyers between April and September 2025 alone could be enough to fund the missiles and drones used in Russia's recent devastating aerial attacks on Ukraine. Shockingly, the report finds that over two-thirds of all Yamal LNG cargoes are still destined for EU buyers, generating 3.6 billion in revenue for Yamal LNG."
"Dr Svitlana Romanko, Founder and Executive Director of Razom We Stand, said, Europe cannot continue to talk about energy sovereignty and support for Ukraine while some of its biggest energy companies help bankroll Russia's war economy. The REPowerEU roadmap and the latest EU 19th sanctions package mean little if Russia is still allowed to reap profits from LNG imports, with European companies aiding them."
Major European corporations including Seapeak (UK), SEFE (DE), TotalEnergies (FR), and Dynagas (GR) remain central to Russia's Yamal LNG project despite REPowerEU commitments to reduce dependency on Russian fossil fuels. Corporate income tax revenues from Yamal LNG exports to EU buyers between April and September 2025 could fund the missiles and drones used in Russia's aerial attacks on Ukraine. Over two-thirds of all Yamal LNG cargoes were destined for EU buyers in that period, generating 3.6 billion in revenue for Yamal LNG and sending an estimated 67.7 million in tax to Moscow. Those tax receipts can be redirected into military spending that devastates Ukrainian civilians and undermines European energy sovereignty.
Read at londonlovesbusiness.com
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