• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

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


March, 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.


Top Top