Russian coal for developing countries only, says the EU
Tom KirkmanIndependent Project Manager
EU Dear Leaders have decreed that Russian coal can now be transported to developing countries.
But EU cannot use Russian coal for energy.
Only developing countries will be allowed to use Russian coal.
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“The European Commission eased sanctions against Russian coal to allow supplies to be transported to other countries around the world, the group said Wednesday.
The transfer of goods including coal “should be allowed to combat food and energy insecurity around the world,” the Commission said in new guidance.
Previously, European sanctions did not allow for EU actors to transfer or provide services for Russian supplies including coal.
… “The EU is fully committed to avoiding that its sanctions unduly impact trade in critical items to third countries around the globe,” Commission Spokesman Daniel Ferrie said in a statement. “The financing, or provision of financial assistance — such as insurance or reinsurance — by EU operators for the transport to third countries of the products mentioned in our guidance note is also allowed.”
… The Commission noted, too, that food and energy security remained a priority amid these sanctions adjustments, according to Bloomberg.