Triple Threat? Russia Halts Coal Exports To Ukraine, Cancels Power Auction Amid Gas Crisis

Triple Threat? Russia Halts Coal Exports To Ukraine, Cancels Power Auction Amid Gas Crisis

Andrew H. Sweet

Russia's Economic Ministry said the coal was needed for domestic consumption even as Moscow ramps up exports of the commodity to other countries in Europe and Asia.

The suspension of coal deliveries comes as Ukraine's stockpiles are already low heading into winter, depleted by greater-than-expected demand during the hot summer and slightly lower domestic production than usual.

Ukraine has increased coal imports from Russia since the Moscow-backed fighters seized control of swaths of the Donbas in 2014. The territory they hold includes dozens of the region's coal mines.

Meaning, some of the thermal coal Ukraine can buy from Russia is likely produced in Ukraine.

Read the original story here.

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