Russia is going to make money on the problems of China Russian news EN
In the coming years, Russia has dramatically increased coal supplies to China to capitalize on the country’s energy generation problems. Such intentions, without specifying the plans for proposals, were announced at the State Duma Committee on Energy by the Deputy Minister of Energy of the Russian Federation Petr Bobylev, authors “Vedomosti”.
By now, China is already a buyer of Russian coal. It accounts for almost 18 percent of exports in 2020, which is 37.7 million tons. In the first half of 2021 (the latest data from the Ministry of Energy), supplies increased by almost one and a half times, to 24.15 million tons.
The official recalled that last year Russia and India signed a memorandum on increasing the supply of coal from 6 to 40 million tons. The export of coal in 2021, added Bobylev, amounted to 227 million tons with a production of 438-439 million.
Boris Krasnozhenov, head of the securities market analytics department at Alfa-Bank, used that China had discovered a shortage of high-quality coking coal, especially in the war with Australia trade market. With a good market situation, Sergey Grishunin, director of the NRA rating service, believes, Russia can produce up to 50 million tons a year.
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In 2020 Russia truth The strategy for the development of the coal industry in Russia, largely focused on China. The authors demand that the construction of coal-fired power plants in a neighboring country, it was believed that Russian coal will inevitably grow.
Meanwhile, in September 2021, Anatoly Chubais, Special Representative of the President of Russia for Relations with the Implementation of Organizations to Achieve the Sustainable Development Goals, said that there was an inevitable failure of the strategy. In his opinion, the environmental agenda, which was held by Chinese President Xi Jinping, measures the concentration of coal consumption in China in the next ten years, which means that spending on analysis to analyze the concentration of coal does not pay off.