TFIGlobal
TFIGlobal
Right Arm. Round the World. FAST.
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • Indo-Pacific
  • Americas
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
TFIGlobal
TFIGlobal
No Result
View All Result

Now Germany rolls back its sanctions on coal imports from Russia

Ansh Pandey by Ansh Pandey
May 13, 2022
in Geopolitics
Reading Time: 3 mins read
0
Now Germany rolls back its sanctions on coal imports from Russia

Source - Daily Express

1.2k
VIEWS
Share on FacebookShare on Twitter
Become a Patron!

The Chancellor of Germany, Olaf Scholz and his government are in utter confusion about their plans of action in the midst of an emerging energy crisis. When the war started, Germany announced that it will support and even push the sanctions on Russian coal imports and create a new National Coal Reserve to cut energy dependence on Russia.

For this Germany sought time. But in just 70 days, the German government has dumped its own decision. The coal reserve is no longer a priority for Olaf Scholz.

Also Read

Poland wants Norway’s profit

Geopolitical genius Olaf Scholz now asks Russia’s best friends to help EU fight Russia

But, by this decision, we can state that Germany has started rolling back sanctions on coal imports and honestly, behind him, the EU is going to follow the suit. The sanctions are not going to come anytime soon.

Coal Reserve is an Extinct Concern

As per media reports, Germany has decided to shift away from a plan to establish a strategic national coal reserve that could have helped the nation cut its energy reliance on Russia.  The plan was announced by Economic Minister Robert Habeck on 25th February, just after the Russian Invasion.

Source – Moscow Times

Well, there were already indications that Germany may proudly state that it will avoid Russian coal, but the nation was already skeptical. Reuters a few weeks ago had stated from a German Document that Economy Ministry is seeking to re-evaluate the introduction of mandatory hard coal stockpiling i.e coal reserve due to the coal embargo that has been passed by the EU,

The recent decision was taken after Berlin revisited its energy contingency plans. This points to Germany, the European Union’s largest coal importer, would be having enough coal available to it.

Taking account of the EU boycott of coal imports from Russia. How can this be possible? Either Germany gets an exemption or the EU drops its sanction.

The second option is more preferred. We’ll explain.

Read More: Germany fights it out with the EU to go easy with sanctions on Russia

Has the EU decided to Drop the Plan?

The European Union proposed a ban on coal imports back at the start of April. But, later on, it was reported that the proposal is not expected to take full effect until August because the nations need more time. The original plan was to phase out coal imports within three months.

In this, Germany was the most skeptical nation when it was asked for blocking energy supplies from Russia, but it was not alone. Austria and Hungary were also in the line. Whereas, small nations were also in question mode.

Source – AP News

Not only this, even on the recent proposal of ending dependency on Russian Oil, a similar trend is visible isn’t it? And the reason is quite simple, banning energy supplies could have a bigger impact on their own economies than on Russia’s.

Now connect the dots. The EU halted its decision and Germany dropped its decision for a national coal reserve. Doesn’t this clearly indicate that Germany will continue getting coal from Russia?

Because if Germany would have received an exemption, it would have made up to the news and Germany would still be considering building a national coal reserve of at least 90 days at the limit.

Read More: Germany is going to go face down before Russia in less than a week

In simple words, Germany has rolled back its sanctions on coal imports from Russia. Furthermore, with Germany rolling back on National Coal Reserve it’s quite clear that the nation is in a position to have enough coal to run the economy, and it’s quite possible that the EU will follow the suit.

Watch –

Tags: GermanyOlaf ScholzPutinRussiasanctions
ShareTweetSend
Previous Post

Switzerland issues a clean chit to Russia over Ukraine and drops all sanctions

Next Post

Actor Mason Ryan Biography, Career and Life Story

Also Read

Poland wants Norway’s profit

Poland wants Norway’s profit

May 23, 2022
Quad started with four legendary China hawks, only one of them remains now

Quad started with four legendary China hawks, only one of them remains now

May 23, 2022
Geopolitical genius Olaf Scholz now asks Russia’s best friends to help EU fight Russia

Geopolitical genius Olaf Scholz now asks Russia’s best friends to help EU fight Russia

May 23, 2022
Viktor Orban and Donald Trump are creating a ‘global right’ movement to bring peace

Viktor Orban and Donald Trump are creating a ‘global right’ movement to bring peace

May 23, 2022
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Trending
  • Comments
  • Latest
Qatar scraps its LNG deal with Germany at the last minute citing new conditions

Qatar scraps its LNG deal with Germany at the last minute citing new conditions

May 11, 2022
China makes the last-ditch effort to prevent its faulty weapons from getting exposed in Ukraine

China makes the last-ditch effort to prevent its faulty weapons from getting exposed in Ukraine

May 10, 2022
Europe to activate Nord Stream 2 gas pipeline very soon   

Europe to activate Nord Stream 2 gas pipeline very soon  

May 14, 2022
China could stage a hostile takeover of Japanese semiconductor firms to heal its wounds

China could stage a hostile takeover of Japanese semiconductor firms to heal its wounds

May 7, 2022
The dollar is officially DEAD now

The dollar is officially DEAD now

May 22, 2022
We predicted one month ago that Biden will say sorry to MBS. It’s happening in 10 days

We predicted one month ago that Biden will say sorry to MBS. It’s happening in 10 days

Europe to activate Nord Stream 2 gas pipeline very soon   

Europe to activate Nord Stream 2 gas pipeline very soon  

The dollar is officially DEAD now

The dollar is officially DEAD now

Biden can solve the baby formula crisis with a click of his finger, but he is exacerbating it

Biden can solve the baby formula crisis with a click of his finger, but he is exacerbating it

Ukraine now demands $5 billion monthly compensation from Europe for starting the war

Ukraine now demands $5 billion monthly compensation from Europe for starting the war

Poland wants Norway’s profit

Poland wants Norway’s profit

May 23, 2022
Quad started with four legendary China hawks, only one of them remains now

Quad started with four legendary China hawks, only one of them remains now

May 23, 2022
Geopolitical genius Olaf Scholz now asks Russia’s best friends to help EU fight Russia

Geopolitical genius Olaf Scholz now asks Russia’s best friends to help EU fight Russia

May 23, 2022
Viktor Orban and Donald Trump are creating a ‘global right’ movement to bring peace

Viktor Orban and Donald Trump are creating a ‘global right’ movement to bring peace

May 23, 2022
Elon Musk’s visit to Brazil creates a political tsunami for Lula and his supporters

Elon Musk’s visit to Brazil creates a political tsunami for Lula and his supporters

May 23, 2022
Youtube Twitter Facebook
TFIGlobal
  • About us
  • Contact Us
  • Terms of use
  • Privacy Policy

©2022 - TFI MEDIA PRIVATE LIMITED

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa

©2022 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Follow us on Twitter

and never miss an insightful take by the TFIGlobal team

Follow @tfiglobal
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.