India cashing in on Russian exports
Tuesday, September 13th, 2022
Russia’s largest coal supplier, Siberian Coal Energy Company (SUEK), is in talks to open an office in India, with the country emerging as a top export destination following sanctions imposed by Europe on Russia, said its CEO Maxim Basov.
Basov said in an exclusive interview that the company’s shipments to India, traditionally a smaller importer of Russian coal, increased to 1.25 million tonnes in the first six months of 2022, twice more than in the entire 2021.
SUEK, the world’s fourth largest coal supplier, can increase coal supplies to India up to 10 million tonnes a year if all logistical challenges are addressed,