Despite public declarations that economic ties with Russia will be severed, Europe has paid an estimated €7.28 billion for liquefied natural gas (LNG) from Moscow’s Arctic Yamal project in just over eight months this year, already surpassing the €7.3 billion spent in all of 2025.

The figures were revealed by an investigation by Urgewald, an NGO that exposes the financial institutions and companies backing climate-damaging projects.

During the first eight months of 2026, European ports received 156 Yamal LNG cargoes carrying 11.39 million tonnes, compared with 142 cargoes and 10.34 million tonnes between January and August 2025 – an increase of…

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