Russia’s Coal Industry in Crisis: Prime Minister Convenes Emergency Meeting as Exports and Revenues Collapse
Today, Russian Prime Minister Mikhail Mishustin announced an emergency meeting to address the ongoing collapse in the country’s coal sector. Speaking alongside Oleg Belozerov, head of Russian Railways (RZD), Mishustin acknowledged the industry’s severe difficulties, citing “unfavorable market conditions”, logistical bottlenecks and collapsing global coal prices that threaten the survival of coal enterprises across Russia.