Coal companies are required to sell at least 10% of their products on the stock exchange
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As follows from the joint orders FAS and the Ministry of Energy, coal companies classified as “dominant economic entities” will be required to sell at least 10% of the coal sold on the exchange. Coal grades D and DG will fall under the standard.
According to representatives of the Federal Antimonopoly Service, such a practice can “have a positive impact on stabilizing prices for this type of energy resource.” The minimum number of participants in exchange trading should be at least two sellers and at least three buyers of the energy resource who have submitted relevant applications.
Last week it became known freezing government plans to introduce export duties on coal, which the Cabinet planned to introduce in early 2023. The disinterest of officials in increasing the fiscal burden is explained by the fall in coal prices, which reduces the chances of raising funds through duties on the resource.
For the first time, the government launched an exchange trading project for thermal coal in December 2019. At that time, grade D coal was traded, during the first trades the producers managed to sell 1.5 thousand tons of coal.
On the situation in the coal market – in the material “Kommersant” “Export of coal will be free of duties”.
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