Beautiful Virgin Islands

Sunday, Aug 23, 2026

EU targets Russian coal and ships in new sanctions

EU targets Russian coal and ships in new sanctions

The EU is proposing further sanctions against the Kremlin after allegations of Russian war crimes in Ukraine, with EU ambassadors meeting on Wednesday to decide what steps to take.

European Commission head Ursula von der Leyen said planned measures included an import ban on coal and a ban on Russian ships and road operators.

The US is also planning more sanctions.

And UK Foreign Secretary Liz Truss is calling for a "tough new wave" of sanctions from G7 and Nato ministers.

She said her Japanese counterpart had agreed the international community had to increase pressure on Russia's Vladimir Putin "and his war machine with further co-ordinated sanctions".

EU officials had earlier indicated the focus would be on enforcing existing measures.

But revelations of atrocities, with hundreds of bodies of civilians found in towns abandoned by Russian troops, have given added impetus for new measures.

"The new sanctions will probably be adopted tomorrow," French European Affairs Minister Clément Beaune said on Tuesday.

Ms von der Leyen said the proposals included:

*  A ban on coal imports worth €4bn a year, and a full ban on four Russian banks including Russia's second biggest bank VTB

*  A ban on Russian ships entering EU ports (with some exemptions) and on Russian and Belarusian road transport operators

*  Bans on EU exports in advanced semiconductors and machinery worth €10bn and other EU imports on wood and cement, seafood and alcohol.

*  Russian companies would also be barred from taking part in competing for contracts across the EU.

The EU was also working on other sanctions including on imports of Russian oil, she said.

This is the fifth set of EU sanctions so far. Earlier measures have ranged from individuals including Vladimir Putin and hundreds of Russian MPs, to the financial and energy sectors. The 27 member states plan to cut use of Russian gas by two-thirds by the end of this year and then make Europe entirely independent of Russian fossil fuels by 2030.

There is an active debate in Germany on imposing a total embargo on Russian energy, but the government warns it would trigger a recession and mass unemployment and for the moment it has ruled it out. "If it would stop the war, then we would do it immediately," said Foreign Minister Annalena Baerbock.

At the start of the war Germany was quick to halt the big Nord Stream 2 gas pipeline from Russia before it went online


Germany relied on Russian gas for 55% of its imports last year, while for the EU as a whole it was 40%.

Experts widely agree that sanctions agreed by the West until now are unprecedented but Eddie Fishman rates them at "seven or an eight of 10 in intensity". He was a lead official in the US State Department in 2014 when sanctions were drawn up in response to Russia's illegal annexation of Crimea in 2014.

"Oil remains the life-blood of Russia's economy," he argues. "Putin has made billions of dollars since the war began and Russia's oil sales remain very strong."

The EU's latest proposals tighten sanctions on four Russian banks. Although major Russian banks have been shut out of the Swift financial messaging system, two of the biggest are not.

Again, it's energy-related. Sberbank and Gazprombank facilitate energy payments from Europe to Russia.

Lithuania announced that from the start of this month it had put a stop to all Russian gas imports.

"Look friends, you can do the same," President Gitanis Nauseda told his EU counterparts. It had become possible through investment in liquified natural gas and electricity link infrastructure, he explained.


But could the EU, as a whole, really turn off the taps to Russian energy?

There have been warnings of factory closures, jobs losses and plummeting public consent for sanctions.

You would have to pray for warm and windy weather, says Jacob Kirkegaard of the German Marshall Fund. Warm to lessen the need for heating homes - and windy to power Europe's electricity generating turbines.

And while Mr Kirkegaard agrees with German Chancellor Olaf Scholz that a ban could trigger a recession, he believes the blow to Russia would be worse.

"The Russian government would, in my opinion, be compelled to start printing large amounts of new roubles with the risk of inciting significant additional inflation in Russia."

Beyond energy, sanctions so far have hit Russia's tech, aviation and finance sectors, as well as its oligarchs - the wealthy Russians who made their fortunes under President Putin's patronage.

But, as Ukraine's President Volodymyr Zelensky reminded Belgian lawmakers in an address last week, there are other awkward areas where business goes on.

Rough diamonds are still moving from Russia to Antwerp and sea ports remain open to Russian shipping.

So while trade ties between the EU and Russia have been seriously frayed, strained but lucrative connections remain.

An energy embargo remains the "ultimate" economic severance weapon, and Germany is usually cited as the main obstacle to that. But other countries are accused of hiding behind Chancellor Olaf Scholz's frank assessments.

"Germany is really afraid of what might happen to its economy," says Prof Karen Pittel, a director at the Ifo Institute for Economic Research in Munich.

"But in principle, if it happens tomorrow, then we'll survive it."

She also believes that the outlook has shifted after President Putin began demanding payment for gas in roubles. Germany refused but Prof Pittel says it's possible there may come a time when Germany has no other choice than to abandon Russian energy.

It still seems extremely unlikely that Europe will be cut off from Russian supplies in one, big dramatic move, but pressure is mounting.

"Clear and determined sanctions are necessary. These sanctions are not working," Polish Prime Minister Mateusz Morawiecki said this week.

Until recently, the idea of an energy embargo would not have just seemed unlikely. It would have been unthinkable.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Iranian Hackers Shut Down British Power Plant for Four Days in Landmark Cyber Attack
Novak Djokovic Reveals Relentless Self-Doubt and Rejects Retirement in New Documentary
Trump Imposes 50% Tariffs on Canadian Goods After Bilateral Trade Talks Collapse
Australia Combines Indigenous Fire Knowledge With Satellite Tech to Combat Catastrophic Wildfires
Father and Son Jailed in Scotland Over £900,000 Airport Cannabis Smuggling Operation
UK Fraud Reports Surge Sevenfold as Criminals Exploit QR Codes in Parking Meters and Phishing Emails
Brighton Thrash Aston Villa in Four-Goal Opening Half as Manchester City Trail Bournemouth
Erin Patterson Appeals Triple Murder Convictions After Hotel Mixed Sequestered Jury With Prosecution
The rise and fall of Hui Ka Yan, China’s richest man
Woke: Britain Considers Plain Packaging for Cigars as Specialist Shops Warn of Industry Collapse
Britain's Public-Service Productivity Remains Below 2019 as £80 Billion Output Gap Fuels WFH Debate
Mandelson Epstein Case in Jeopardy as U.S. Files Stay Out of Reach
Prince Harry and Six Others Ordered to Pay £9.5 Million After High Court Defeat
Petrol Bombs Set Luxury Cars Alight Outside Birmingham Wedding as Police Hunt Three Men
Bitcoin Surges Toward $80,000 as Short Squeeze and ETF Inflows Ignite Crypto Rally
Twenty-Nine US States Take Meta to Trial Over Alleged Child Addiction on Instagram and Facebook
Former Scottish National Party Executive Peter Murrell Jailed for Five Years Over £400,000 Embezzlement
Moderna and Merck's Personalized Cancer Vaccine Succeeds in Historic Late-Stage Melanoma Trial
Prince Harry and Meghan to Move Back to Britain With Their Children
England and Wales Have Fewer Than 1,800 Prison Places Left for Men
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
A Sleepless Night on Wall Street: Nasdaq to Begin Nearly Round-the-Clock Trading
"The First in the World": 69-Year-Old Protested Artificial Intelligence—and Went to Jail
Ukraine's Ousted Defence Minister Calls for Wartime Presidential Election
China’s Lifelike AI Humans Move From Livestreams Into Real-World Service Roles
Sarah Ferguson Reportedly Retreats to Late Ex-Boyfriend's Swiss Chalet
Cristiano Ronaldo and Georgina Rodríguez Sign Prenup Protecting Their Separate Fortunes
Thieves Steal Antonello da Messina Renaissance Masterpieces From Sicilian Museum
Better.com Founder Who Fired 900 Employees on Zoom Is Ousted as CEO
Italian Speed Camera Issues Nearly 32,000 Fines in 10 Weeks, Worth More Than €3 Million
AI Manager at San Francisco Store Recommends Firing Human Employee
Google Launches Pixel 11 With Gemini AI at the Center of Its Hardware Strategy
Reform UK Unveils Plan to Cut Welfare Spending by More Than £50 Billion a Year
Prime Minister Andy Burnham Praised Extinction Rebellion for Doing a 'Great Service'
UK Wildfire Phone Alert Triggers Backlash as Users Switch Off Emergency Warnings
Heathrow Roads Reopen After Burst Water Main Floods Access to Terminals 2 and 3
Former NBA Players Enes Kanter Freedom and Royce White Say They Will Enter 2027 WNBA Draft
Former Cambridge Professor Jason Arday Found Dead Days After Resigning Amid Plagiarism Row
US Appeals Court Rules AI Agent's Website Actions Are Legally Attributed to the User
France's Constitutional Council Blocks Social Media Ban for Children Under 15
Liechtenstein Changes Royal Succession Rules to Allow Women to Inherit the Throne
Women Allege Rape and Sexual Abuse at British Army College for Teenage Recruits
Minnesota: Two independent investigators posed as Muslims (one wearing a burqa) and showed how they could vote in elections without identification.
China’s Kimi Launches AI-Focused Credit Card With Agricultural Bank of China and American Express
Former Labour Adviser Arrested on Suspicion of Spying for China Held Privileged Access as Top Party Donor
×