Russia’s western gate is still being used for coal exports despite the EU embargo imposed in August. Over 30 days of October, loading of export coal bound for the North-Western ports grew by 8.6%, year-on-year, to 4.6 million tonnes. That can be explained by the easing of sanctions pressure on EU shipping companies. According to analysts, high loading of the Eastern Polygon is the key factor.
2022 November 3
Coal flows reverse from east to west
Russia’s western gate is still being used for coal exports despite the EU embargo imposed in August. Over 30 days of October, loading of export coal bound for the North-Western ports grew by 8.6%, year-on-year, to 4.6 million tonnes. That can be explained by the easing of sanctions pressure on EU shipping companies. According to analysts, high loading of the Eastern Polygon is the key factor.