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EU Russian Coal Ban Commences Midnight

COAL

The EU Ban on Russian coal kicks in from midnight tonight as part of the EU’s fifth sanctions package.

  • "The 10th of August is the end of the wind-down period for the import of Russian coal and no further exemption will apply," the EU Commission said.
  • EU demand for coal has increased significantly since the Ukraine invasion as an alternative to gas which has seen its prices soar at a great rate, impacting power generation costs.
Energy BulletsCommodities
Energy BulletsCommodities

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