EU eyes sanctions on Russia's oil and coal
EU officials say sanctions on Russian imports of coal and oil are definitely being considered
She said her Japanese counterpart had agreed the international community had to increase pressure on Russia's Vladimir Putin "and his war machine with further co-ordinated sanctions".But revelations of atrocities, with hundreds of bodies of civilians found in towns abandoned by Russian troops, have given added impetus for new measures.
Germany relied on Russian gas for 55% of its imports last year, while for the EU as a whole it was 40%. The EU's latest proposals tighten sanctions on four Russian banks. Although major Russian banks have been shut out of the Swift financial messaging system, two of the biggest are not. And while Mr Kirkegaard agrees with German Chancellor Olaf Scholz that a ban could trigger a recession, he believes the blow to Russia would be worse.
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