10,208.65 TRY BIST 100 BIST 100
34.70 EUR EUR EUR
32.31 USD USD USD
4.49 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
45.27 TRY Interest Interest
83.94 USD Fossil Oil Fossil Oil
26.74 USD Silver Silver
4.50 USD Copper Copper
117.55 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,402.11 TRY Gold (gr) Gold (gr)

EU ends coal imports from Russia

The decision of the European Union (EU) to ban coal imports from Russia entered into force yesterday.

EU ends coal imports from Russia

The sanctions package adopted by EU countries in April, which includes banning coal imports from Russia, came into effect with the end of the transition period.

The purchase, importation or transfer to the EU of coal and other solid fossil fuels of 8 billion euros a year originating in or exported from Russia was prohibited.

The first of the EU's energy sanctions against Russia was the coal purchase ban. The ban on oil imports from Russia is expected to come into effect in December.

Russia was the country that supplied the most coal to EU countries. Russia was making about 25 percent of its coal exports to Europe.

EU countries, on the other hand, supplied 45 percent of total coal imports and 70 percent of thermal coal used in electricity generation from Russia.

According to data from the Russian Ministry of Energy, Russia sold 48.7 million tons of coal to the EU in 2021.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

How did global iron ore prices close the week?

Saturday, May 4, 2024

Kenya's floods have a negative impact on the steel industry

Friday, May 3, 2024

ArcelorMittal closes coke oven at Zenica plant

Friday, May 3, 2024

A Kyrgyz-Uzbek car factory is planned to be opened

Friday, May 3, 2024

700 tons of sales agreement from Mega Metal!

Friday, May 3, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now