sara sanitary napkin incinerator cement block machine:EU bans Russian coal imports in fifth round of sanctions targeting banks and Putin’s war machine

sara sanitary napkin incinerator cement block machine:EU bans Russian coal imports in fifth round of sanctions targeting banks and Putin’s war machine

  IN BRUSSELS – The European Commission has announced new sanctions against Russia in the wake of alleged war crimes in Ukraine, with measures including a ban on coal imports and targeting banks, shipping and computer chips.

  The new sanctions, set to be the fifth by the EU since Russian President Vladimir Putin launched the invasion in February, are aimed at choking key areas in the economy, including the country’s military capabilities.

  While the measures do not yet cover Russian oil or gas, which some EU members say are essential for their own economies, European Commission President Ursula von der Leyen said the EU was “working on additional sanctions, including on oil imports.”

  Mrs von der Leyen said the EU needed to crank up the pressure on Mr Putin with the new measures. “We will make them broader and sharper so that they cut even deeper in the Russian economy,” she said.

  The package of sanctions, expected to be confirmed by EU ambassadors Wednesday, includes a ban on coal imports, worth €4bn (£3.3bn) per year, marking the first block on Russian fuel since the invasion. The proposal was blocked by Germany earlier this year, but the latest atrocities have prompted Berlin to support the coal ban.

  Other import bans, worth €5.5bn (£4.58bn) target products from wood to cement, caviar to vodka. EU high-tech exports, worth some €10bn (£8.3bn), will also be blocked, including of semiconductors, computers, technology for LNG gas, and other electrical and transport equipment. Officials said this was aimed directly at the vital support needed to sustain Mr Putin’s war machine.

  The measures also ban all EU transactions with VTB and another three Russian banks, all of which are already cut from the SWIFT messaging system, along with dozens of Kremlin officials, oligarchs and politicians. And the package includes a block on Russian deliveries by sea, truck and train, with exceptions made for energy products, food and medicines.

  TOPSHOT - A woman carries her bicycle past destroyed buildings in the town of Borodianka, northwest of Kyiv, on April 4, 2022. - The EU said on April 4, 2022, it is urgently discussing a new round of sanctions on Russia as it condemned "atrocities" reported in Ukrainian towns that have been occupied by Moscow's troops. Russia invaded Ukraine on February 24, 2022. (Photo by Sergei SUPINSKY / AFP) (Photo by SERGEI SUPINSKY/AFP via Getty Images)A woman walks past destroyed buildings in the town of Borodianka, northwest of Kyiv (PHOTO: Sergei SUPINSKY / AFP) The latest measures leave in place the main EU imports from Russia, of oil and gas, which were worth around €100bn (£83bn) last year, and have recently run to €800m (£666m) a day. However, Mrs von der Leyen indicated that there was already oil was already in the EU’s line of sight, and there are signs that Berlin would support a ban.

  The EU imports about one-third of its oil from Russia. Poland and the Baltic states have for weeks insisted that the EU should stop buying Russian oil, arguing that a ban would directly hit Mr Putin’s ability to finance his war, as Moscow earns significantly more from selling oil than gas.

  German Finance Minister Christian Lindner Monday admitted a move on oil was under consideration, adding “at the moment it’s not possible to cut the gas supplies, so we have to differentiate with oil, coal and gas at the moment.” Last month, Germany said it plans to stop almost all Russian oil imports this year and broadly wean itself off the country’s gas by mid-2024, with Chancellor Olaf Scholz pledging to become independent from Russian energy “as soon as possible.”

  The EU’s previous four rounds of sanctions froze assets of the Russian central bank; punished oligarchs, Mr Putin’s entourage and members of the Russian parliament; cut Russian banks from SWIFT; banned air traffic with Russia; and expelled Kremlin-backed media from the bloc.

  The new sanctions follow the international outcry over alleged atrocities committed by Mr Putin’s forces in Ukraine, after shocking images emerged over the weekend of mass graves and dead bodies littering the streets outside Kyiv, where Russian troops retreated. Mrs von der Leyen said Russia was waging “a cruel and ruthless war, not only against Ukraine’s brave troops, but also against its civilian population,” and pledged that, “These atrocities cannot and will not be left unanswered. The perpetrators of these heinous crimes must not go unpunished.”

sara sanitary napkin incinerator cement block machine:EU bans Russian coal imports in fifth round of sanctions targeting banks and Putin’s war machine