An analysis by Urgewald showed that the Kremlin earned about €7.2 billion in 2025 from LNG exports to the EU, despite Brussels’ pledge to phase out Russian LNG by 2027.
Although pipeline gas imports have been cut since the invasion, Europe’s reliance on LNG from Russia’s Yamal project has grown, with the EU taking more than three‑quarters of its global shipments. The trade remains legal, partly because several central and eastern European countries still depend on the fuel, and European shipping firms – particularly UK‑based Seapeak and Greece’s Dynagas – play a major role in transporting it.
Access to EU ports allows Russia’s ice‑class tankers to unload quickly and return to the Arctic for more cargo, sustaining high export volumes.
Business and Human Rights Centre invited Seapek and Dynagas to respond. Neither of the companies replied.