London (CNN Business) European leaders have planned to phase out Russian coal imports in response to harrowing scenes in Bucha , a suburb of Kyiv. Europe has imposed punishing sanctions on Russia's economy since Putin's tanks rolled into Ukraine in late February, but stopped short of targeting Russia's energy sector — until now. How much Russian coal goes to Europe? Other countries could step in to buy Russian coal. The IEA expects India's coal imports to rise 4% in 2024, and more than 6% in Southeast Asia.

Source: CNN April 06, 2022 01:46 UTC