EnBW fully prepared for Russian coal ban, says CEO

FRANKFURT: German utility EnBW, whose VNG unit is one of the country’s largest importers of Russian gas, is fully prepared for the ban on coal the European Union has imposed on Moscow following its invasion of Ukraine, its CEO said. “We already started broadening our procurement base for coal late last year. And we are fully prepared for the embargo that the European Commission is imposing from August,” Frank Mastiaux said during the group’s annual general meeting.