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Russian Foreign Minister Sergey Lavrov said Russia has supplied Europe with $320 billion worth of energy resources since 2022, according to a First Squawk post on X. The figure underscores how deeply Europe remains tied to Russian energy despite sanctions and repeated pledges to diversify supply since the Ukraine war began. It matters because the tally frames Moscow's argument that the continent cannot easily replace its volumes, even as Brussels pushes toward alternative suppliers and renewables. Watch next for whether Europe's import data corroborates the $320 billion total and whether any easing of flows follows from shifting political sentiment.

Muhabbit's AI wrote this summary of @FirstSquawk's post in its own words. It can get details wrong, so read the post on X.

Named in this story

Europe, Russia, Sergey Lavrov