€370bn: Europe's annual fossil import bill
Europe imports more than €370 billion worth of fossil fuels annually, underlining the economic case for accelerating the clean energy transition.
Snapshot · The Rest Is Politics
547. The Truth About Russian Oil, Net Zero, and North Sea Drilling
Explore episode
Jun 24, 2026
Where this was said
How Europe Became Hooked on Russian Energy
At 8:54 · chapter starts 6:45
Dan Jørgensen takes the listener back to February 2022, when as Danish minister he personally oversaw emergency contingency plans to force companies to close and send uniformed personnel to enforce compliance — all to ensure Denmark had enough gas for hospitals. He stresses that Denmark was far less exposed than Germany; had Putin turned off the taps to Germany, the whole of Europe would have been in recession. [1] — Dan Jørgensen "When Putin invaded Ukraine in 2022, Denmark had emergency plans ready to force companies to close — by military escort if necessary — to co…" 06:40 He then delivers the numbers on dependency reduction: coal from Russia down from 50% to zero, oil from 27% to 3%, gas from 45% to roughly 10% — with a legislative ban on Russian gas imports now in place. Europe also uses 20% less gas than it did in 2022. The conclusion Jørgensen draws is unequivocal: the lesson of both energy shocks is that the only sustainable route out is ditching fossil fuels entirely.
Russia coal dependency: 50% → 0%
Europe sourced 50% of its coal from Russia before the 2022 invasion; that figure is now down to zero.
Russia oil dependency: 27% → 3%
Europe's dependence on Russian oil has fallen from 27% before the 2022 invasion to just 3% now.
Russia gas dependency: 45% → ~10%
Europe sourced 45% of its gas from Russia before 2022; that share is now around 10% and targeted to reach zero.
EU gas use down 20% since 2022
Europe now uses approximately 20% less gas than it did in 2022, following diversification and efficiency efforts after the Russian invasion of Ukraine.
Why Trucks and Planes Still Need Fossil Fuel — and What to Do About It
Renewable electricity has transformed passenger cars, but aviation and heavy trucking have no scalable alternative to liquid fuels right now. Europe must secure refinery capacity and maintain strategic reserves while simultaneously accelerating the energy transition — these are not mutually exclusive.
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