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Dark days ahead: Russia could be lumped with a lot of coal

World

Dark days ahead: Russia could be lumped with a lot of coal

Asia unlikely to rescue Russian coal when planned European ban comes into effect

Clyde Russell

Russia is putting on a brave face when it comes to Europe’s planned ban on coal imports, with Moscow saying it will simply sell to other markets.

By other markets, Russia most likely means Asia, and Moscow is most likely being hopelessly optimistic if it thinks Asia is going to swing dramatically towards Russian coal and replace what’s lost in exports to Europe.

The EU agreed on April 8 a series of new sanctions on Russia, including banning imports of coal, which totalled 48.7-million tons in 2021...

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