On August 10, the European Union imposed a ban on Russian coal imports.
According to Vedomosti, EU member states imported 28% more coal from Russia between March and May compared to the same period last year. On Wednesday, the European Union imposed a ban on Russian coal.
During that period, deliveries totaled 29.4 million tonnes, according to its analysis of UN Comtrade data. Supply increased by 3.9 times to $9.3 billion in monetary terms. Between March and May 2021, the average price of imported coal was around $317 per tonne, compared to $105 per tonne.
Germany, Poland, Spain, Italy, and the Netherlands were the top coal importers, according to UN Comtrade.
The embargo imposed by the European Union was agreed upon in April and went into effect on August 10. It is part of the EU's fifth wave of sanctions against Russia.
Before the ban, Russia was the EU's largest supplier of coal, accounting for roughly 45% of total imports. Every year, the EU imports nearly €4 billion ($4.4 billion) in coal from Russia. Germany and Poland are particularly vulnerable to the embargo, which could aggravate the 27-member bloc's already severe energy shortages and high oil and gas prices.