Fifth package of sanctions in action: Europe stopped buying coal from Russia

10 August 2022, 09:56 | Economy
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From today, August 10, EU member countries stop buying coal from Russia. The restriction on the import of raw materials was agreed as part of the fifth round of sanctions in April this year.. Despite the energy crisis, Europe sees this as an opportunity to reduce fossil fuel consumption, European Commission spokesman Eric Mamer said during a briefing..

“Ironically, the Russian invasion of Ukraine will help us accelerate the move away from fossil fuels,” the speaker said.

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European countries, even before the start of Russia's full-scale military invasion of Ukraine, agreed on the intention to build an environmentally friendly economy by 2050. Because of this, most EU countries have reduced the production of electricity using coal, because this entails significant carbon emissions into the atmosphere..

However, due to the situation in 2022, the EU was allowed to temporarily return to the use of fossil fuels to reduce the impact of skyrocketing energy prices..

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According to preliminary estimates, restrictions will affect 25% of Russian coal exports. Instead of the Russian Federation, the EU will import raw materials from South Africa, Colombia and Australia. Russia has found "

Europe is trying to reduce the effects of the energy crisis and reduce the impact of dependence on Russian fuel by increasing oil imports from Saudi Arabia and Iraq..




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