China sharply reduces purchases of Russian coal

No time to read?
Get a summary

In the first two months, Russia’s coal supply to China decreased by 22% annually to 11.5 million tons. This was due to import duties that Beijing had previously imposed, he writes Bloomberg.

Meanwhile, China’s total coal imports increased by 23% annually in the January-February period. The total supply volume reached 74.5 million tons.

Despite the decline in sales, Russia still remains one of China’s main coal suppliers. Currently, the Russian Federation ranks second, second only to Indonesia. According to analysts, Russia’s imports will remain at current levels in the near future.

Before that, Kpler analysts were already registeredIt is stated that Russian coal has lost its position in the Asian market in recent months. According to them, this is due to low energy prices.

previous day reportedHe said that the Council of Ministers is preparing new measures to stabilize the fuel market.

Previously Lavrov statedRussia is not afraid of Iran returning to the oil market.

No time to read?
Get a summary
Previous Article

The State Duma announced that labeling of artificial intelligence content should be introduced in Russia

Next Article

Macron made an unexpected statement about Ukraine in a private meeting