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EU Secretly Lifts Coal Sanctions On Russia To Avoid Harming 'energy Security' - Foreign Affairs - Nairaland

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EU Secretly Lifts Coal Sanctions On Russia To Avoid Harming 'energy Security' by bn365: 11:49am On Sep 24, 2022
A group of European Union nations pushed back against new guidance from the EU executive that they fear weakens sanctions and could allow countries to transport key Russian commodities such as coal globally.
The transfer of goods including coal "should be allowed to combat food and energy insecurity around the world," the Commission said in new guidance.
Member states including Poland and the Baltic nations criticized the EU’s updated sanctions guidance during meetings between European ministers, according to people familiar with the talks. The nations had asked the commission to withhold publication of the document until the matter was addressed.

The new guidance from the European Commission, the bloc’s executive arm, says that the transfer of certain goods, including coal and related products, “should be allowed to combat food and energy insecurity around the world.” Previously, the commission said that its sanctions prohibit EU operators from transferring coal and providing services -- such as financing and insurance -- to all shipments of such products originating in Russia.
The group of nations said they were left confused by the proposals and pointed out that the new text contained references to wood, some cement products and coal, the people said. Diplomats have asked the commission to further explain the proposed move, fearing it could go beyond the earlier food security commitments and effectively be watering down sanctions on those Russian commodities.
Previously, European sanctions did not allow for EU actors to transfer or provide services for Russian supplies including coal.
According to Latvia's Foreign Ministry, however, the fresh guidelines were not coordinated with member states, and were surprising.

"The EU is fully committed to avoiding that its sanctions unduly impact trade in critical items to third countries around the globe," 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, according to Bloomberg. None of the EU's sanctions are set to impact wheat or fertilizer, Ferrie added.

Still, sources told Bloomberg that a group of nations were left confused by the Commission's proposals, and are seeking further explanations behind references to wood, cement, and coal in the report.

https://www.msn.com/en-us/money/markets/european-commission-eases-coal-sanctions-on-russia-to-avoid-harming-energy-security/ar-AA125olb
Re: EU Secretly Lifts Coal Sanctions On Russia To Avoid Harming 'energy Security' by saintokwuluora(m): 11:56am On Sep 24, 2022
Coal no be fossil fuel again we dey cause climate change? Abi Russia no go use the earnings fight Ukraine?

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Re: EU Secretly Lifts Coal Sanctions On Russia To Avoid Harming 'energy Security' by paramakina202: 12:03pm On Sep 24, 2022
Winter cold no be any body mate o.You can't successfully sanction Russia without hurting your economy.
Re: EU Secretly Lifts Coal Sanctions On Russia To Avoid Harming 'energy Security' by Qtrpst4: 12:30pm On Sep 24, 2022
Hypocrisy at its best
Re: EU Secretly Lifts Coal Sanctions On Russia To Avoid Harming 'energy Security' by Nobody: 1:26pm On Sep 24, 2022
Okay

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