Home News European buyers increase coal purchases worldwide. What quantities did EU countries...

European buyers increase coal purchases worldwide. What quantities did EU countries import?

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The new restrictions come at a time of uncertainty over the future of Russian gas supplies to the EU. Russia has demanded that the European Union pay the rubles for gas delivered from April 1, which they have refused. Deliveries are currently continuing, as the first payments for the volumes of gas delivered after this date are due in the second half of the month.

According to Reuters, in March, EU member states imported a total of 7.1 million tonnes of coal for thermal energy production, an increase of 40.5% compared to the same period in 2021 and the highest level since March 2019 , say analysts at Braemar ACM.

“Despite the resumption of Russian coal deliveries to Europe in March, the expected change in coal flows to Europe has begun to take effect. Deliveries from Colombia and the United States have been solid, providing the most cost-effective alternative for end-users in Europe, “said Mark Nugent, an analyst at Braemar, Agerpres reports.

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According to EC data, the EU bloc depends on Russia for about 45% of its coal imports, 45% of its gas imports and about 25% of its oil imports.

Braemar data show that 3.5 million tonnes of coal were imported from Russia into the EU in March for heat production, the highest monthly level since October 2020.

The EU also imported 1.3 million tonnes of coal for heat production in Colombia and 809,000 tonnes in the United States.

“There are major fears about the risk of Russian coal transactions (due to the extension of sanctions), so deliveries are already affected,” the sources said.

Although it is still more expensive to burn gas than coal to produce energy, the price of coal for heat production has reached a record high this year.

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European Commission President Ursula von der Leyen announced on Tuesday the fifth round of sanctions imposed on Russia following the invasion of Ukraine, according to data provided by the European Commission.

The sanctions include a ban on Russian coal imports, a total ban on the transactions of four major Russian banks, a ban on Russian ships and Russian-operated ships in EU ports, except for food, agriculture, humanitarian or energy aid, import bans on timber, cement, seafood and alcoholic beverages, as well as export bans for high – tech semiconductors.

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