EU imposes coal embargo and other sanctions on Russia

EU imposes coal embargo and other sanctions on Russia

The European Union has imposed a coal embargo and other sanctions on Russia over Ukraine invasion.

Head of the Ukrainian President’s Office Andriy Yermak wrote this on Telegram, Ukrinform reports.

"The EU has imposed a fifth package of sanctions against Russia. It includes, in particular, a coal embargo, which will cost the Kremlin EUR 4 billion a year. Unfortunately, an oil embargo is still to be discussed. We will continue working to convince our partners of an embargo, namely, on oil," Yermak wrote.

According to him, the sanctions also include a ban on exports to Russia of semiconductors, machinery and transport equipment worth EUR 10 billion. Russian ships will no longer be able to enter EU ports. In addition, any transactions with four key Russian banks, including VTB, are prohibited. Restrictions on the entry of trucks from Belarus and Russia will also come into effect; imports of goods and raw materials such as wood, seeds, seafood and alcohol from Russia are prohibited.

Yermak noted that Russian companies will now not be able to participate in European public procurement and will not have any financial support from the EU.

On February 24, Russian President Vladimir Putin announced the beginning of a full-scale invasion of Ukraine. Russian troops have been shelling and destroying key infrastructure facilities, conducting massive shelling of residential areas of Ukrainian cities and villages using artillery, multiple rocket launchers and ballistic missiles.

Martial law was imposed in Ukraine and general mobilization was announced.

The United States, the European Union, and other countries impose sanctions on Russia as an aggressor whose international isolation is growing by the day.


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