81. How Will Coal Sanctions Impact on Russian Economy?
- Author:
- CESD Research Team
- Publication Date:
- 04-2022
- Content Type:
- Working Paper
- Institution:
- Center for Economic and Social Development (CESD)
- Abstract:
- The Western Alliance has approved a new package of sanctions against Russia. The most notable of the sanctions is the suspension of coal exports from Russia. What does this mean for Russia, and how can the European Union compensate for this ban? Yesterday, the European Commission posted a decision on sanctions on its website, which means that the ban will come into force. This means that from today, European companies will not be able to conclude contracts to buy coal from Russia. The contracts signed in the previous period must be completed by August.
- Topic:
- Sanctions, European Union, Economy, Exports, Coal, and Russia-Ukraine War
- Political Geography:
- Russia and Europe