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[Cyprus Times] New sanctions against Russia. European embargo on coal imports

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The EU imported 19.3% of the coal it consumes from Russia in 2020

The new European sanctions against Russia are also targeting coal exports, gradually touching the sensitive issue of Moscow's energy supplies.


A new round of tough sanctions is announced by the European Union against Russia in the wake of allegations of a massacre of civilians.

According to Reuters sources, the Commission is to recommend to member states to:


  • ban all coal imports from Russia. Note that according to Eurostat data, the EU imported 19.3% of the coal it consumes from Russia in 2020;
  • ban exports to Russia of semiconductors, high-tech machinery, LNG extraction technology and other equipment;
  • ban exports to Russia of semiconductors, high-tech machinery, LNG extraction technology and other equipment. These exports amount to €10 billion per year.
  • ban imports from Russia of timber, plastics, cement, chemicals, high-value foods (including caviar) and beverages (vodka). The value of these products is up to €5 billion).
  • ban Russian trucks and vehicles from entering Europe.
    At the same time, it plans to block transactions with the bank VTB and three other Russian groups.

The list of sanctioned individuals will be joined by dozens more, including oligarchs, military and politicians.

Source.gr


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