In the January-March period of this year, the cost of coal imported into the European Union increased to 184 euros per ton. This figure was 120 euros before the implementation of sanctions against Russia. writes about this via RIA NovostiAbout reference to European traditions.
In connection with the fifth wave of sanctions imposed by the European Union, an embargo has been imposed on Russian coal supplies from 10 August 2022. Between January and March 2024, EU countries spent an average of €1.1 billion on hard coal; this was an increase of 9% compared to 2021 (€987 million). However, the purchasing volume decreased by 29% to 5.85 million tonnes per month compared to 8.24 million tonnes in 2021.
As a result, the average price of a ton of coal increased significantly to 184 euros; This is 1.5 times more than in 2021 (120 euros). While the average cost of coal on a global scale was approximately $138 (117 euros) per tonne in 2021, it fell to $133 (122 euros) at the end of March this year.
These changes in prices and supply volumes are primarily associated with changes in suppliers: if in 2021 the main supplier was Russia (45%), in 2024 Australia (36%) and the USA (35%) will lead.
previously the biggest buyers Russia’s coal imports have decreased sharply.
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Source: Gazeta
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