Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

European Commission President Ursula von der Leyen PA
new sanctions

European Union backs new sanctions against Russia, including on coal imports

The deal was given the final political go-ahead in a meeting of EU ambassadors and will be enacted once published in the EU’s official journal.

EUROPEAN UNION COUNTRIES have approved new sanctions against Russia, including an EU embargo on coal imports in the wake of evidence of torture and killings emerging from war zones outside Kyiv.

The ban on coal imports will be the first EU sanctions targeting Russia’s lucrative energy industry over its war in Ukraine and is estimated to be worth €4 billion per year, the EU presidency, held by France, announced.

In the meantime, the EU has already started working on additional sanctions, including on oil imports.

“The package is very substantial and extends sanctions against Russia to new sectors” and more oligarchs, the presidency said, mentioning officials linked to propaganda, military security and high-technology linked to the Ukraine war.

The deal was given the final political go-ahead in a meeting of EU ambassadors and will be enacted once published in the EU’s official journal, likely tomorrow.

So far, banning natural gas has remained out of reach, but not because of lack of support from the European parliament.

The legislature approved a resolution by a 513—22 margin — with 19 abstentions — demanding “an immediate full embargo on Russian imports of oil, coal, nuclear fuel and gas”.

Even if the move underscores the EU’s determination to act against the Kremlin, it carried little more than moral weight, since it is up to the member states themselves to unanimously impose such bans.

Energy is key in Europe’s trade relations with Russia. EU foreign affairs chief Josep Borrell has said that the 27-nation bloc is paying €1 billion a day for energy provisions, accounting for over €35 billion since the war started.

This evening, EU Commission President Ursula von der Leyen said that, if not gas, oil would be on the list soon.

“The next step we are looking intensively at the moment (is) oil, so to prepare to be able to phase out oil,” she told reporters.

Earlier this evening, the Russian Foreign Ministry confirmed that it would be expelling two Irish diplomats from the country.

It follows after the Department of Foreign Affairs expelled four Russian diplomats from Ireland after finding that they had not acted in line with diplomatic standards.

Yesterday, the United States announced sanctions targeting Russian President Vladimir Putin’s two adult daughters and said it was toughening penalties against Russian banks in retaliation for “war crimes” in Ukraine.

The moves against Sberbank and Alfa Bank prohibit assets from touching the US financial system and bar Americans from doing business with those institutions.

Author
Press Association
Your Voice
Readers Comments
4
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel