VET:CC - Macron calls for ban on Russian oil and coal Germany discusses gas sanctions

Disturbing reports from Ukraine over the weekend prompted EU leaders to address the prospect of further Russian sanctions, including energy sanctions. France's Macron called for a ban on Russian oil and coal imports. While Germany's defense minister said Sunday that the EU must discuss banning the import of Russian gas. Germany's Economy Minister Habeck said if gas is unavailable, Germany could fall back on coal in the short term. Italy's minister of foreign affairs Di Maio indicated that Italy would not veto sanctions on Russia gas. Conversely, Austria's minister of foreign affairs Alexander Schallenberg said, "Austria won't back EU embargos on Russian gas." And Swedish state-run utility Vattenfall planned to continue paying for Russian gas in Euros. While a meeting between US LNG producers and European gas consumers Thursday in Berlin showed muted interest in long-term LNG contracts, as Europeans were reluctant to commit to contracts that could set back

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Macron calls for ban on Russian oil and coal, Germany discusses gas sanctions