Russia looks to replace banned Australian coal exports to China
Russia’s coal miners could boost exports to China, the world’s number one energy consumer, after Beijing slapped tariffs on Australian imports amid a growing trade rift.
Chinese authorities completely halted supplies of coal from Australia in late 2020 after Canberra voiced its support for an international inquiry into China’s handling of the coronavirus crisis.
But with China’s appetite for energy imports steadily increasing, Russia is looking to fill the void by boosting coal exports to its neighbor.
“As imports of coal from Australia to China are expected to decline, Russia has a chance to replace at least part of it with its own coal,” said TS Lombard analyst Madina Khrustaleva, as quoted by SCMP, a Hong Kong-based English-language news outlet.
Russia looks to replace banned Australian coal exports to China
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Russia looks to replace banned Australian coal exports to China
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Russia looks to replace banned Australian coal exports to China
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Russia looks to replace banned Australian coal exports to China
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