EU bans Russian coal in the fifth round of sanctions

The European Union’s heavy dependence on Russia’s energy industry has deterred the bloc from imposing any harsh sanctions on the latter, until now.

On Tuesday, the 27-member bloc proposed embargoing Russian coal as part of its fifth round of sanctions,.

European Commission President Ursula von der Leyen announced, “We will impose an import ban on coal from Russia, worth 4 billion euros ($4.39 billion) per year. This will cut another important revenue source for Russia.”

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