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.
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