The European Commission has slightly relaxed some sanctions on Russian thermal coal, allowing EU-based operators to support its transport and finance if the coal is shipped to non-EU member countries.

In the initial sanctions, which took effect on August 10, companies operating in EU member states were unable to import Russian coal and provide brokering, financing or insurance services for Russian coal transport to the world.

The commission said in a new guidance that the move is conducive to combating food and energy insecurity around the world.

"The EU is fully committed to avoiding that its sanctions unduly impact trade in critical items to third countries around the globe," reported by Bloomberg, citing Commission Spokesman Daniel Ferrie said in a statement. "The financing, or provision of financial assistance — such as insurance or reinsurance — by EU operators for the transport to third countries of the products mentioned in our guidance note is also allowed."

The Commission noted, too, that food and energy security remained a priority amid these sanctions adjustments.

(Writing by Alex Guo  Editing by Harry Huo)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article

Connect with us