German coal importers expect a brief spike in prices on EU ban ...Middle East

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German coal importers expect a brief spike in prices on EU ban
source : Devdiscourse ( Middle East ) () 28
A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady the cost, German coal importers' group VDKi said on Friday. A planned phase-out of coal imports is the cornerstone measure in a fifth package of sanctions against Russia proposed by the European Commission this week in reaction to civilian deaths in the Ukrainian town of Bucha.

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