Scholz called the timing of the termination of coal and oil supplies to the EU from Russia

German Chancellor Scholz: The EU will stop importing oil and coal from Russia by the end of the year” alt=”Scholz announced the timing of the termination of coal and oil supplies to the EU from Russia” />

Olaf Scholz

The European Union will stop importing Russian coal in the summer, and by the end of the year will refuse Russian oil. This was stated by German Chancellor Olaf Scholz in an interview with The Indian Express.

“We [the EU] will cut off Russian coal supplies this summer, we will cut off Russian oil before the end of the year, and we will seriously cut gas supplies from Russia,” he said.

According to him, Russia's actions in Ukraine are “unacceptable”, so the West's sanctions policy is necessary, despite the economic costs for some EU countries.

Since the beginning of Russia's military operation in Ukraine, Western countries, including the US and the EU, have already introduced several packages of sanctions against Moscow. The EU introduced the previous, fifth package of restrictions on April 8. It includes a complete embargo on Russian coal imports. Imports of Russian gas, oil and nuclear fuel were not affected by the new restrictive measures.

The fact that the European Commission is preparing the sixth package of sanctions against Russia, which implies restrictions on the oil sector, was said in mid-April by the head of the EC, Ursula von der Leyen. As French Foreign Ministry spokeswoman Anne-Clair Legendre clarified on April 29, France expects the introduction of new EU sanctions against Russia, including restrictions on oil in the near future.

In total, the EU is considering three possible scenarios regarding Russian oil, it was reported Bloomberg sources: embargo, price caps and the creation of a “payment mechanism to keep the proceeds” that Moscow has received since the start of the military special operation against Kyiv.

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The head of the Russian Ministry of Finance, Anton Siluanov, said earlier that Russian oil production could fall by 17% this year, and it is still difficult to predict the fate of energy sales from Russia. “Will there be a decrease in production? Will. In what volumes: 17%, a little less or a little more, perhaps»,— the minister pointed out.

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