Energy

EU to ban Russian coal imports from August, sources say

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“There seems to have been an effective German lobby to extend the phase-out period for existing coal contracts to four months,” an EU official told CNBC.

Andrey Rudakov | Bloomberg | Getty Images

The European Union’s proposed ban on coal imports from Russia is not expected to take full effect until August — a month later than expected, two sources told CNBC Thursday.

Earlier this week, the European Commission, the executive arm of the EU, proposed the ban in the wake of mounting evidence of atrocities by Russian troops against Ukrainians in Bucha and other areas.

The original plan was to phase out coal imports within three months, an EU official, who did not want to be named due to the…



Source cnbc.com

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