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Macron calls for ban on Russian oil and coal after Bucha murder | Russian-Ukrainian War News

The French president said that targeting the oil and coal industries would be ‘especially painful’ for sanctioned Russia.

French President Emmanuel Macron has expressed support for a ban on Russian oil and coal mining as part of a new round of sanctions against Russia, following reports of the mass grave and atrocities in Bucha towna town outside the Ukrainian capital Kyiv.

“What happened in Bucha requires a new round of sanctions and very clear measures,” Macron told France Inter radio on Monday, adding that there were “very clear signs of war crimes.” painting”.

Macron, who faces a battle for re-election this week, said new sanctions targeting the oil and coal industries would be particularly “painful” for Russia.

France will coordinate such steps with its European Union partners, “especially Germany”, in the coming days, he said, adding that the bloc could also impose more sanctions against Russian individuals.

The EU has considered a possible ban on Russian crude oil imports, although some members including Germany, which relies heavily on imports from Moscow, oppose the move.

However, outrage at the evidence emerging from Kyiv province following the departure of Russian forces could lead the EU to cut its gas dependence on Russia, which supplies about 45 percent of its needs. Russia also accounts for about 25% of oil imports and 45% of coal imports, according to the European Commission.

After Ukrainian forces regained control of Bucha on March 31, image of body lying on the streets – including some with their hands tied behind their backs – sent shockwaves through international capitals.

Local authorities say they have been forced to dig communal graves to bury the dead that have accumulated on the streets.

“The scenes were just unbearable. International justice must work. Those behind these crimes must respond,” Macron said.

The Russian Defense Ministry has denied Ukraine’s accusations that it carried out a “massacre”. Russia’s chief investigator ordered an official examination of what he called a “provocative act” by the Ukrainians.

Kremlin spokesman Dmitry Peskov also said that “Russian experts at the Ministry of Defense have identified the signs of fake video and various forms of forgery”, and called on international leaders to ” Don’t rush to deny the allegations and at least listen to our arguments.”

Ulrich Leuchtmann, head of FX Research at Commerzbank, told Reuters news agency that more sanctions would increase the risk of energy disruptions in Europe “because of our own sanctions or because Russia could get completely serious with its retaliatory sanctions, instead of just changing the payment method for natural gas.”

“In my view, the risk of significant euro weakness increases,” he said.

The Russian economy has hit strongly by Western sanctions following the invasion of Ukraine and is now facing its most serious crisis since the collapse of the Soviet Union in 1991.

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