US President Donald Trump said on Saturday that the United States was prepared to impose fresh energy sanctions on Russia, but only if all NATO nations ceased purchasing Russian oil and implemented similar measures.
More than three years after Russia launched its full scale invasion of Ukraine, the US and European Union still import billions of euros worth of Russian energy and commodities, ranging from liquefied natural gas to enriched uranium.
Here are the main commercial ties that the EU and the US maintain with Russia, and their evolution over the last four years:
The EU has imposed various import and export restrictions on several products, resulting in a 61% decline in exports to Russia and an 89% drop in imports from Russia between the first quarter of 2022 and the second quarter of 2025, according to the latest data from Eurostat.
In the second quarter of 2025, EU exports to Russia increased, while imports decreased, turning a trade deficit to a surplus of 0.8 billion euros.
The EU, however, continues to purchase oil, nickel, natural gas, fertiliser, iron and steel from Russia.
Four years ago, Russia was the largest supplier of petroleum products to the EU, but the EU ban on maritime imports of Russian crude oil reduced its share to 2.01% in 2025 so far from 28.74% in 2021.
The share of petroleum oil imports from Russia fell from 29% in the first quarter of 2021 to just 2% in the second quarter of 2025.
Russia's share in EU imports of natural gas dropped to 12% in the second quarter of 2025 from 48% in the first quarter of 2021.
In this period the share for Norway (+10%) increased by the sharpest amount, but Algeria (+2%) became the EU's largest partner, accounting for 27% of the bloc's natural gas imports.
Russia still supplies some EU countries such as Hungary and Bulgaria via the TurkStream undersea gas pipeline from Turkey.
The value of EU imports of liquefied natural gas from Russia increased considerably between the first quarter of 2021 and the second quarter of 2022 as prices increased sharply.
