Economy

China triples coal purchases from Russia after banning Australian imports

Posted On: Dec 4, 2021   |   Posted By: RT

China triples coal purchases from Russia after banning Australian imports

China has dramatically ramped up coal imports from Russia to compensate for shortages caused by the ongoing trade row with Australia, once the country's biggest coal supplier.
According to customs data, China's coal imports surged 76% in September compared to the same period a year ago, and totaled 32.9 million tons. Much of the coal came from Russia and Indonesia.
In September, the nation purchased some 3.7 million tons of thermal coal from Russia, marking 28% growth versus the previous month and a 230% increase year-over-year.
Chinese imports of Russian coal have surged every month since May, either doubling or tripling from 2020 levels. The monthly figures to the current year also remain well above pre-pandemic levels.
Also on rt.com
China unlikely to allow Australian coal imports despite mounting energy crisis - analysts
China's economy crucially depends on coal as one of the ways to generate power. The mounting shortage of coal supplies prompted power cuts across 20 Chinese provinces earlier this year....

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