5 Apr 2022
EU's von der Leyen: EU to ban Russian coal imports, to work on sanctions on oil imports
European Commission President Ursula von der Leyen on Tuesday said that the atrocities committed by the Russian military in Bucha and other areas from which they have recently withdrawn cannot and will not be left unanswered, reported Reuters. It is important to sustain the utmost pressure on Russian President Vladimir Putin and the Russian government at this critical point, she continued.
The EU will thus impose an import ban on coal from Russia, worth roughly EUR 4B per year, von der Leyen announced, adding that the EU would also be imposing a full transition ban on four key Russian banks, including VTB Bank.