Tuesday, May 17, 2022

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EU bans coal imports from Russia

The European Commission has announced the fifth round of sanctions against Russia after the four packages that have already hit hard and limited the Kremlin’s political and economic options.

Regarding the energy sector, the Commission’s president Ursula von der Leyen announced an import ban on coal from Russia, worth 4 billion euros per year.

“This will cut another important revenue source for Russia,” she said.

Still nothing about other energy supplies. The United States already banned imports of Russian oil, Liquefied Natural Gas (LNG) and coal at the beginning of March.

Ukraine’s Minister of Foreign Affairs Dmytro Kuleba is asking everybody to do the same: “impose the mother of all sanctions: stop buying oil, gas and coal from Russia,” he wrote on Twitter.

Lithuania, seeking full energy independence from Russia has completely abandoned Russian gas as the country’s gas demand is completely met through the Klaipeda LNG terminal. 

In an interview with CNN, Lithuania’s president Gitanas Nausėda recalled that his country has spent the past decade implementing very important infrastructure projects which not only include the LNG terminal but also an oil terminal that imports crude oil from the Baltic Sea.

“We have stopped buying Russian oil and gas and we hope other countries of Europe will follow our example,” he said.

Photo: Christophe Licoppe/European Union 2022

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