EU fails to agree new Russia sanctions

Persons familiar with the matter explained the fiasco citing “technical issues” that needed to be resolved, including on whether a coal import ban would affect existing contracts.

The sources noted that it was not clear yet how the issues will be resolved, but the EU hopes to reach a compromise at a meeting on Thursday.

The EU depends on Russia for around 45% of its coal imports, according to the European Commission website. In March, European countries imported a total of 7.1 million tons of thermal coal, which is used in power and heat generation. That is a 40.5% increase year-on-year and the highest level of imports since March 2019.