The dependence on Russian oil and gas has cost the European economy more than €1,500 billion since the start of the Russian invasion of Ukraine.

Omissions

• The only corroborating source found is a single secondary think-tank report (Transition Security), not an official EU institution or peer-reviewed study — no primary official source has verified a total cost of €1,500 billion.
• The Transition Security figure (€1.7 trillion) covers the EU and the UK combined, not the EU or eurozone alone; the UK represents roughly 15–20% of that combined economy, so an EU-only figure would likely be lower.
• The report's timeframe is 2022–2025, whereas the claim implies a period from February 2022 through at least mid-2026 — adding early 2026 data could change the total.
• The claim describes the cost as attributable to 'dependence on Russian oil and gas' specifically, while the Transition Security report measures the broader cost of the '2022 energy shock,' which encompasses price spikes across all energy sources, not only Russian imports.
• The CREA tracker shows total global payments to Russia for fossil fuels since February 2022 at approximately €1,116 billion, which is a different metric (direct payments rather than total economic cost) and substantially lower than the claimed figure.

Sources

• SecondaryTransition Security — Trillion Dollar Bills reportThe 2022 energy shock became a cost of living crisis that directly cost the EU and UK $1.8 trillion (€1.7 trillion) from 2022 to 2025.
• SecondaryCentre for Research on Energy and Clean Air (CREA) — Financing Putin's WarGlobal payments to Russia for fossil fuels since 24 February 2022: €1,115,632,250,477 (approximately €1.12 trillion), broken down as oil (69%, €778.6 billion), gas (21%, €236.5 billion), and coal (10%, €100.5 billion).