Russia's coal sales to China plunged by 22% in January and February compared to the same months last year after China re-imposed an import tax, which makes Russian coal more expensive
Russia’s coal sales to China plunged by 22% in January and February compared to the same months last year after China re-imposed an import tax, which makes Russian coal more expensive. The reintroduced import tax on coal doesn’t affect either Australia or Indonesia, two major coal exporters and direct competitors of Russia, because they have free trade agreements with China.
Currently, Indonesia is China’s top coal supplier, while Russia keeps its second spot. Russia is struggling to sell its coal to the wider Asian market, too. The lower prices of coal from major exporters Indonesia, South Africa, and Australia are weighing on Russia’s capacity to sell more of its coal to Asia, which has become Moscow’s primary export market after the West slapped embargoes on its coal in 2022.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Poised to Import Record-High Crude Oil Volumes From RussiaChina is set to import record high volumes of Russian oil in March as it mops up cargoes shunned by India.
Read more »
Russian paramilitary groups loyal to Ukraine launch cross-border attacks inside Russian territoryRussian fighters loyal to Ukraine have carried out their biggest attack since the start of the war, the group has claimed following a bombardment of drone attacks by Kyiv's own forces.
Read more »
Another Sanctioned Russian Tanker Set to Offload Oil Cargo in ChinaAnother Russian tanker sanctioned by the U.S. has arrived at a Chinese port to offload Russian crude for Chinese refiners.
Read more »
Facebook and Instagram restored after outagesParent company Meta blames 'technical issue' for widespread problems with services.
Read more »
Footpath restored through Community Payback as Probation Service and Bradford Estates link upA stretch of an historic footpath in Shropshire has been restored as part of a community project for offenders.
Read more »
'Forgotten walkway' in city centre could be restored if £36,000 is raisedThe Long Stairs in Lace Market have been closed to the public since 1933
Read more »