The European Union clarified a ban on EU entities from providing financial and insurance services for Russian coal and some fertilizer exports to anywhere in the world, according to a Bloomberg report on August 15.
After a four-month buffer period, the EU officially stopped importing coal from Russia on August 10.
In addition to the embargo on coal, the EU also prohibits EU operators from providing services to all shipments of such products from Russia to any part of the world, according to the report, citing a clarification on the day the sanctions on coal became operative.
The prohibition relating to coal and to certain fertilizers refers both to the "purchase" and the "transfer" of these goods, irrespective of final destination, it cited a EU spokeswoman Arianna Podesta as said.
The EU's ban on Russian oil imports will come into effect at the end of this year, including the restriction on providing insurance and other related services for Russian oil exports worldwide.
EU measures allow some exceptions, for example on humanitarian grounds. Imports into the EU of quota-based quantities of certain Russian fertilizers are allowed.
Last month, the EU made corrections to several previous restrictions to allow transactions with sanctioned entities when they are essential for shipping food, agricultural goods and oil to third countries outside the 27-country bloc.
(Writing by Alex Guo Editing by Harry Huo)
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