Europe’s plan to ban Russian coal sends prices higher ...News

Russia Today - Economy
Europe’s plan to ban Russian coal sends prices higher
source : Russia Today ( News ) () 17
Restrictions threaten global supply The price of coal jumped in Europe, the US and Asia on Tuesday after the EU announced restrictions on imports of the fossil fuel from Russia, according to figures from the leading energy exchanges. The price shot up by 14% to a three-week high, data from ICE Futures Europe show, doubling since the start of the year. The Asian benchmark also rose by 6.4% on the news. The international coal market has already been tight with Asian futures hitting an all-time high in March and coal prices in the US topping $100 a ton last week for the first time since 2008. Bloomberg has predicted

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