Sergei Tsivilev, head of the Russian Ministry of Energy, said that starting next month, Russia will remove the tax on coking coal exports. His words guide the way TASS.
“As of December 1, the export tax on coking coal will be abolished,” the Minister said.
This year, the largest buyers of Russian coal are sharply reduced energy intake. According to the results of the first three quarters, 53.7 million tons from China, Russia (-9.5%), 20.1 million tons from India (-23%) and 15.3 million tons from Turkey (-35%). He bought coal. Supply has also decreased in many other destinations, including the UAE, South Korea and Japan.
January – September Russia Total sent Approximately 147 million tons of coal to the foreign market. The figure is 10% lower than the result for the same period in 2023. Supplies from southern ports (Azov-Black Sea basin) decreased the most, by 56% year-on-year.
Russian coal miners before guess New losses due to low energy prices in Asia.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.