Embargo on Russian coal/Channel 24 collage
< strong _ngcontent-sc85="">At the time of the economic crisis, the embargo on Russian coal has certain nuances. This crisis mainly affected the countries of Europe – there are problems with coal, gas and oil.
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Analyst Andrei Vigirinsky told Channel 24 about this. He also noted that those restrictions that relate to key items of income for Russia began with coal.
“Last year, the supply of this raw material to Europe reached 47 million tons. Today, Russian statistics are not available to us, but what are these 47 tons – this is 1/6 of China's consumption per year, although this is the country that is the largest coal producer in the world “, – explains Vigirinsky.
When we say that Europe is refusing Russian coal, this is not as painful for the aggressor country as refusing gas, – says the analyst.
According to him, Europe bought the largest amount of gas in May, because they understood that they would have to refuse and look for new ways of supply.
Kazakhstan is a new coal player for Europe
According to Vigirinsky , the new supplier will be Kazakhstan, earlier it sent part of the coal to China. Russia is now supplying coal to China.
Last year it was possible to talk about coal worth up to $200, but today this amount is about $380 per ton, the analyst notes.
If we are talking about Russia's loss of income from European restrictions, then he cannot lose money, because he will simply send him to other routes, to other countries, Andretz Vigirinskiy is convinced.
“Coal is a commodity that can be supplied both by rail and by sea. Unlike gas, which needs either GTS or LNG. That's why we managed to find an alternative in Europe so quickly, because there are more suppliers and more ways to transportation”, sums up the specialist.
