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EU Nations Divided Over Coal Ban On Russia In 5th Round Of Sanctions Package

European Union diplomats on Wednesday failed to approve a new sanctions package against Russia proposed by the European Commission, seemingly divided over the coal ban. The bloc had revoked Russia's "most-favoured-nation" trade status that enables EU nations to impose punitive tariffs on Russian trade and commerce.

However, as the European leaders prepared a new package of sanctions as a measure against Russia's recent alleged civilian assassinations in the northwest towns of Irpin and Bucha, they remained reluctant on the total ban on all types of coal that they mulled would affect existing contracts.

EU had earlier placed an import ban on Russian steel and iron, luxury goods and cars worth more than 50,000 euros ($55,000), and investments in oil companies and the energy sector by EU nationals or entities.