Russian coal imports have been suspended since August 10 by the European Union and the United Kingdom, in reaction to Russia’s ongoing invasion of Ukraine.
The fifth set of sanctions, approved in April, included the EU restriction on the import of Russian coal. In accordance with the decision, coal and other solid fossil fuels must no longer be purchased, imported, or transported into the EU as of August if they are exported from Russia.
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Russia will lose an estimated 8 billion euros in revenue each year as a result of the European economic sanctions, and up to a quarter of its coal imports will be affected. On July 21, a change to the sanctions against Russia that disallows the import of coal became effective in Great Britain.
This amendment forbids the acquisition, supply, and delivery of these commodities, whether directly or indirectly, as well as the importation of petroleum and petroleum products, coal and coal products, and gold. It also forbids the provision of technical assistance, financial services, and funds, as well as brokerage services in connection with these goods.
Europe is now transitioning away from Russian coal using other means.
The Washington Post claims that repairs have started at German coal mines and power plants that were shut down ten years ago. By winter, Germany is anticipated to burn at least 100,000 tonnes of coal per month, marking what industry professionals have dubbed a “spring” for its coal-fired power plants.
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Greece, the Netherlands, Austria, Poland, and other nations in Europe have also begun to relaunch their coal-fired power plants.
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