France pushing for energy sanctions against Russia

The EU gets about 40% of its natural gas from Russia and many EU countries

French Finance Minister Bruno Le Maire said on April 5 that there is a “total determination” from all 27 European Union countries for sanctions against Russia that could target oil and coal over evidence its troops deliberately killed Ukrainian civilians.

Europe’s dependence on Russian oil, gas and coal means finding unanimity on energy measures is a tall order, but the reports of the killings outside Kyiv have increased pressure for tougher EU sanctions.

So far, Europe has not been willing to target Russian energy over fears that it would plunge the European economy into recession. In some ways, it would be easier for Europe to go without Russian oil than gas because most supplies come by tanker and could be purchased from other suppliers. But talk of a possible boycott of Russian oil has helped push up global oil prices this week.

Asked whether there was a political willingness to impose sanctions on Russian oil and coal — a move suggested this week by French President Emmanuel Macron — Mr. Le Maire said: “We will see what the position of the other member states will be, but I think there is a possibility to have unity on the 27 member states on these new sanctions.”

He did not mention natural gas and a consensus on targeting the fuel that is used to generate electricity and heat homes would be even more difficult to secure. The EU gets about 40% of its natural gas from Russia and many EU countries, including Germany — the bloc’s largest economy — are opposed to cutting off gas imports.

France holds the presidency of the EU Council, and Mr. Le Maire spoke ahead of a meeting of EU finance Ministers in Luxembourg, where they will discuss possible new measures to punish the Kremlin. While the EU has stayed away from sanctioning Russian energy so far, individual countries have announced efforts to draw down their reliance: Poland said it plans to block imports of coal and oil from Russia, while Lithuania said it's no longer using Russian natural gas.

The European Union gets about 25% of its oil from Russia, while the EU imported 53% of hard coal from the country in 2020, which accounted for 30% of the EU’s hard coal consumption. While coal and oil may be up for discussion, Teresa Ribera, Spain’s Minister for Ecological Transition, said on Tuesday that it is “very hard” for the EU to sanction Russian natural gas because some of the bloc’s countries are dependent on it for their energy supply and that the EU’s strength lies in its unity.