Russia triples coal exports to India in 2022
[ad_1]
The export of thermal coal from Russia to India in 2022 increased by 3.6 times to 8.43 million tons, follows from the data of the Indian industry consulting agency Coalmint. According to the agency, the supply of Russian coal has increased due to a better price compared to South African and Australian fuel. In 2021, deliveries of Russian energy coal to India amounted to 2.35 million tons.
In early April 2022, the EU included in the fifth package of sanctions due to the NWO in Ukraine an embargo on the import of Russian coal, the ban has been in effect since August 10. As a result, Russian coal companies are seeking to redirect volumes to the Asian market (Vedomosti wrote about this on August 17, 2022). At the same time, Russian coal miners are forced to sell products abroad at a discount. In July, when the cost of energy coal on the global market exceeded $400/t, discounts for Russian coal, according to the Center for Energy Development, reached $200/t relative to regional benchmarks, and in October rose to 70% (see Vedomosti, October 7, 2022). G.).
[ad_2]
Source link
