October 3 2022 11:24 AM E-paper Subscribe Sign in My Account Sign out

EU adopts new sanctions against Russia including coal import ban

The new rules, once approved by member states and European Parliament, will give EU competition authorities new abilities to probe foreign companies seeking to snap up EU companies or public contracts
(Photo: Jordan News)
AMMAN--The European Union on Friday formally adopted its fifth package of sanctions against Russia, including bans on the import of coal, wood, chemicals and other products, according to the Jordan News Agency, Petra. اضافة اعلان

The measures also prevent many Russian vessels and trucks from accessing the EU, further crippling trade, and will ban all transactions with four Russian banks.

The ban on coal imports will be fully effective from the second week of August. No new contracts can be signed from Friday, when sanctions are to be published in the EU's official journal.

Existing contracts will have to be terminated by the second week of August, meaning that Russia can continue to receive payments from the EU on coal exports until then.

Read more Region and World news.