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Photo: Antti Leppänen Russia has a chance to improve its trade balance with China through coal exports, as Beijing is seeking to diversify its supplies. Last year, the People’s Republic already increased coal imports from Russia, Mongolia and Indonesia, while Australia remained the largest supplier. China’s coal imports from Russia may increase, says South China Morning Post attributing this to Beijing’s attempts to diversify its coal supply away from Australia amid ongoing tensions with Canberra. For its part, Russia is aiming to supply more coal to its biggest trading partner, which is the world’s largest energy consumer. Since May 2020, Russia’s trade balance with China has turned from a surplus to a deficit, says Emerging Markets Economist at Capital Economics Liam Peach, explaining it by a fall in exports of oil and gas and an increase in imports of electrical machinery and equipment. According to Peach, energy exports to China made up around 15% of R

Sakha yakutiyaRussia generalAustralian capital territoryMadina khrustalevaNatixis alicia garcAntti leppAnna litvinaVladimir putinFujian guohang oceanVadim zhivotovskySouth china morning postEmerging markets economistCapital economicsLiam peachPresident vladimir putinChief economist