ARLP - EU to propose ban on Russian coal imports

Earlier Tuesday, it was reported that the EU is planning a mandatory phaseout of coal imports from Russia; the measure is set to be debated this week, though timing of the ban remains unclear, according to Bloomberg sources. The report comes on the heels of France's Macron calling for a ban on Russian oil and coal imports. Germany, Europe's largest coal consumer by far, is reportedly ready to consider such a ban and is in discussions with the EU about timing. Russia / Europe thermal coal trade accounts for ~7% of the global traded market, suggesting such a ban would require significant infrastructure changes to avoid stranding Russian volumes.   A decrease in Russian coal imports into Europe would likely result in increased imports from the Americas; supporting the seaborne thermal coal market for producers like Peabody (BTU), Arch (ARCH), CONSOL (CEIX) and Alliance (ARLP), just as US domestic prices hit

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EU to propose ban on Russian coal imports