Russian coal exports look set to undergo a dramatic cut next year, though the underlying cause may surprise you.
Peter Lindstrom, head of Klaveness Research, said loadings of Russian coal at its Atlantic and Black Sea ports are up by 16% this year to date, in comparison with the same period in 2022.
Trade sanctions on Russian coal have succeeded in cutting imports into Europe from 40% of market share as of 2021 to zero.
