Kremlin attempts to bail out Russian coal industry as Energy Ministry warns of catastrophe
Russia’s coal industry is in deep crisis, with export deliveries turning unprofitable in every direction, according to Deputy Energy Minister Dmitry Islamov. In an interview with TASS published on July 1, Islamov confirmed that coal exports from Russia are currently yielding negative margins—whether sent east, west, or south. “The margin is still negative across all routes,” Islamov stated.