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Poland intends to abandon Russian oil, gas and coal by the end of the year


Marec, 30 2022
watermark Economic news

Polish Prime Minister Mateusz Morawiecki said that the Polish authorities plan to abandon Russian energy sources by the end of 2022. Poland also decided to withdraw its consent to conclude an agreement with Russia on support and mutual protection of investments.


According to the latest data, Poland ranked eighth in terms of imports of Russian coal last year – about 7.8 million tons of raw materials were delivered to the country. Now, according to Morawiecki, Poland will impose a full embargo on the import of oil, gas and coal from Russia in April or May.


In addition, the Prime Minister said that Poland has already significantly reduced its dependence on Russian oil and intends to make every effort to completely abandon raw materials from Russia by the end of the year. 


Morawiecki called on other European countries to follow his example. Poland also calls on the European Commission to impose a tax on Russian hydrocarbons so that «trade is fair.»


In addition, the minister stressed that the country will not allow the import of Russian coal from private individuals. «Financial sanctions will be provided for violation of the ban, the customs service will be engaged in the verification,» Moravetsky said.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.