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EU to ban all coal imports from Russia – Reuters

Citing a source familiar with the matter, Reuters reported on Tuesday that the European Union planned to ban all coal imports from Russia.

Additional comments

“The European Union will prohibit the export to Russia of semiconductors, high-tech machinery, LNG extraction technology and other equipment.”

“The EU export ban represents a value of 10,000 million euros per year.”

“The European Union will ban the import from Russia of wood, cement, rubber, chemicals, high-end foodincluding caviar and spirits such as vodka, for a total value estimated at 5,000 million euros per year.”

“The European Union will ban Russian trucks and ships from entering the EU.”

“The EU will block all transactions with VTB Bank and three other Russian banks already excluded from the SWIFT system.”

Source: Fx Street

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