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EU proposal for Russian coal ban

The European Fee has proposed new sanctions in opposition to Russia over its invasion of Ukraine, together with a ban on shopping for Russian coal and on Russian ships coming into EU ports, and mentioned it was engaged on banning oil imports too.

“All of us noticed the ugly photos from Bucha and different areas from which Russian troops have lately left. These atrocities can’t and won’t be left unanswered,” the top of the European Union’s government, Ursula von der Leyen, mentioned.

“The 4 packages of sanctions have hit exhausting and restricted the Kremlin’s political and financial choices. In view of occasions we have to enhance our stress additional,” she mentioned in a speech posted on Twitter.

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She mentioned the proposal entailed an EU ban on imports of coal from Russia value 4 billion euros per yr, and a full transaction ban on 4 key Russian banks, together with the nation’s second-largest, VTB.

“We’re engaged on extra sanctions, together with on oil imports, and we’re reflecting on a number of the concepts introduced by the member states, comparable to taxes or particular fee channels comparable to an escrow account,” von der Leyen mentioned.

The EU can even ban Russian vessels and Russian-operated vessels from accessing EU ports, although there could be exemptions for agricultural and meals merchandise, humanitarian help and power.

The EU can even ban Russian and Belarusian street transport operators and prohibit the sale to Russia of quantum computer systems, superior semiconductors, delicate equipment and transportation gear value 10 billion euros yearly.

Von der Leyen mentioned the 27-nation bloc can even cease imports of Russian wooden and cement in addition to seafood and liquor value in complete some 5.5 billion euros yearly.

It should exclude Russian firms from public procurement tenders in EU international locations and add additional people to an inventory of individuals whose property within the EU shall be frozen and who won’t be allowed to enter the EU.

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