Fewer markets are importing Russia’s coal

Russia’s reliance on four, mainly Asian, countries to import its coal has increased since some countries implemented sanctions against Russia after it invaded Ukraine, according to Global Trade Tracker data. This trade shift corresponds with increased coal exports from the United States to Europe and EU sanctions that went into full effect in August 2022. The United States, Japan, Australia, and other countries issued sanctions during this same time period after Russia’s full-scale invasion. More »