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Brussels prepares ban on Russian coal imports

Brussels has announced that blocking Russian coal exports will be part of the forthcoming fifth package of sanctions currently being discussed by EU member states.

Valdis Dombrovskis, the EU’s vice president, told reporters on Tuesday that energy – mainly coal – would be part of the penalties, as well as additional lists of people, restrictions on trade and sanctions on the transport sector.

However, further work is needed before EU companies agree on how to handle Russian oil sales.

Most Russian exports to the EU are hydrocarbons, Dombrowski said after a meeting of EU finance ministers in Luxembourg. “If we really want to influence Russia’s economy, that’s where we need to look, and that’s exactly what is under discussion for this fifth package,” he said.

But to implement the measures, unanimous consent will be required among all 27 member states, Dombrowski added.

Bruno Le Meir, France’s finance minister, who holds the presidency of the European Union, has confirmed that member states are ready to include the energy sector in sanctions under an indefinite timeline.

“In the face of Russian aggression, we must be more united than ever – and all member states have reiterated their willingness to expand import restrictions and step up efforts against Russia, and have also discussed expanding the list of people under sanctions and membership,” he said.

Blocking natural gas imports from Russia is even more controversial than a potential ban on oil.

Brussels prepares ban on Russian coal imports Source link Brussels prepares ban on Russian coal imports

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