Russian energy is Europe’s Achilles heel

Published April 8, 2022 8:03pm ET



The European Union tightened the screws on Russia’s economy Friday.

The latest set of sanctions includes an import ban on Russian coal, seafood, wood, liquor, and rubber, as well as export restrictions to Russia of quantum computers, semiconductors, high-end electronics, and transportation equipment. In total, the fifth round of sanctions removes an additional $25 billion from the EU-Russia bilateral trade relationship. Largely due to resistance from Germany, the EU coal ban will begin in mid-August, giving the bloc roughly four months to wind down existing contracts.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.