Page 136 - RusRPTFeb23

9.1.11 Metallurgy & mining sector news
Coal production in Siberia has been declining, the Central Bank of Russia (CBR) reported in January.
The drop is due to the refusal of European Union countries to purchase Russian coal and logistical issues. As a result, coal mining companies have found themselves in a difficult position, the bank said. Deliveries to both international and Russian buyers have decreased, leading to a growth in stocks in Russia.
“Export quotas have limited coal exports to the east, and rising transportation
136 RUSSIA Country Report February 2023 www.intellinews.com