Scholz called the timing of the termination of coal and oil supplies to the EU from Russia

The German chancellor noted that, despite the economic costs for some EU countries,sanctions policy is necessary in the fight against RUSSIA Olaf Scholz

The European Union will stop importing Russian coal in the summer, and by the end of the year will refuse Russian oil. This was stated by German Chancellor Olaf Scholz in an interview with The Indian Express.

“We [the EU] will stop deliveries of Russian coal this summer, we will stop Russian oil before the end of the year, and we will seriously reduce gas supplies from Russia,” he said.

According to him, Russia's actions in Ukraine are "unacceptable", so the West's sanctions policy is necessary, despite the economic costs for some EU countries.

Switzerland has banned the import of coal from Russia Politics

Since the beginning of Russia's military operation in Ukraine, Western countries, including the US and the EU, have already introduced several packages of sanctions against Moscow. The EU introduced the previous, fifth package of restrictions on April 8. it includes a complete embargo on Russian coal imports. Imports of Russian gas, oil and nuclear fuel were not affected by the new restrictive measures.

The fact that the European Commission is preparing the sixth package of sanctions against Russia, which implies restrictions on the oil sector, was said in mid-April by the HEAD of the EC, Ursula von der Leyen. As French Foreign Ministry spokeswoman Anne-Clair Legendre clarified on April 29, France expects new EU sanctions against Russia, including restrictions on oil , in the near future.

In total, the EU is considering three possible scenarios for Russian oil, sources told Bloomberg: an embargo, setting a cap price, and creating a “payment mechanism to retain the proceeds” that Moscow has received since the start of a military special operation against Kyiv.

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The head of the Russian Ministry of Finance, Anton Siluanov, said earlier that Russian oil production could fall by 17% this year, and it is still difficult to predict the future of energy sales from Russia. Will there be a decrease in production? Will be. In what volumes: 17%, a little less or a little more, perhaps,” the minister pointed out.

 

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