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Russia diversifies coal exports due to EU sanctions

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Russia diversifies coal exports due to EU sanctions

Moscow, Aug 10 (Prensa Latina) The Russian Ministry of Energy is diversifying coal exports in the markets of China, Turkey and India, after the fifth package of sanctions by the European Union (EU) came into effect.
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The EU measure establishes that the transitional period during which the purchase of Russian coal related to contracts signed before April 9 was allowed ended on August 10, according to RT channel.

The European Commission considered that this embargo will affect 25 percent of all coal shipments from Russia to European territory, estimating the losses at eight billion euros a year.

However, the Russian Ministry of Energy explained that after the EU’s announcement of the coal embargo, New Delhi and Ankara became some of its biggest buyers, with shipments increasing every month.

In this regard, the Ministry added that in May, supplies of the mineral increased to India by 25 percent, compared to the same period in 2021, to 836,000 tons, while in June the figure rose to around 1.16 million tons.

The Ministry of Energy confirmed that currently supplies of various types of Russian coal to China represent 24.8 percent, while to Turkey is 10.9 percent and 7.7 percent to India.

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