Russian coal import embargo came into force in the EU and the UK

10/08/2022

1 minute read

Since August 10, the European Union and the United Kingdom have stopped importing Russian coal in response to Russia’s war against Ukraine

The EU embargo on the import of Russian coal was included in the fifth package of sanctions approved in April. The decision provided for a ban on the purchase, import, or transportation of coal and other solid fossil fuels in the EU from August, if they originate from Russia or are exported from Russia.

The introduction of the European embargo will cost Russia an estimated 8 billion euros in lost revenue per year and affect up to a quarter of its coal imports. In Great Britain, an amendment to the sanctions regime against Russia banning the import of coal entered into force on July 21. This amendment prohibits the importation of petroleum and petroleum products, coal and coal products, and gold, as well as the acquisition, supply, and delivery, directly or indirectly, of these commodities. It also prohibits the provision of technical assistance, financial services, and funds, as well as brokerage services related to these goods.

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