OREANDA-NEWS According to the results of the first half of 2024, the total volume of Russian coal exports by sea fell by 16.8 percent and decreased to 79.1 million tons. This is reported by RBC with reference to statistical data from Kpler analysts.

In June, the shipment of solid fuels in Russian ports decreased by 16.5 percent year-on-year, to a level of 13.9 million tons. Experts attributed the decline to a number of factors, including a drop in global coal prices, an export exchange rate duty on this type of fuel and limited supplies to the OTEKO terminal in Taman due to high rates on transshipment services.

Offshore coal exports are a key channel for exporting Russian coal to foreign buyers. According to the Ministry of Energy and Kpler, it accounts for about 90 percent of all shipments. A noticeable decrease in such shipments may lead to a drop in the incomes of domestic suppliers, experts concluded.

Earlier, the Vedomosti newspaper, citing statistics from the Ministry of Energy, reported a sharp reduction in purchases of Russian coal from China, India and Turkey. In January-March 2024, total shipments to China fell by 16 percent to 12.9 million. In turn, India has reduced imports by more than half, to 4.7 million tons, and Turkey — by almost two times, to 4.1 million. Over the past two years, the above-mentioned countries have become key buyers of Russian fuel, but in 2024 they significantly reduced their interest in coal from the Russian Federation.