The expert recalled that back in April of this year, Europe agreed on a ban on the import of Russian coal, which will be effective from August 10.

“This decision has been made, although it may be revised.

In many ways, this was such a hopeless situation for the European Union.

It was necessary to continue putting pressure on Russia, and putting pressure on Russia is possible only by reducing purchases of energy resources from Russia... For them, the period until August 10 is, on the one hand, a period for companies to find new suppliers, and on the other hand, they hope that the situation will change and sanctions may not be applied,” Yushkov said.

According to him, the oil market is much larger than the coal market, so it will be more difficult for European countries to rebuild in this case.

“Hungary, for example, is located, one might say, in the depths of the continent, so it’s extremely difficult to switch to offshore oil supplies, and it’s extremely difficult to buy oil from the Middle East.

Therefore, it is not known whether they will be able to adopt sanctions against oil at the EU level,” the analyst concluded.

Earlier, the German chancellor made a statement that the European Union would stop importing Russian coal in the summer.

At the same time, the head of the office of the Hungarian Prime Minister, Gergely Guiyash, noted that Hungary would not support EU sanctions against Russian energy resources.