According to Republic of China Coal Imports Increased by 57%

According to the data of the Main Customs Administration of the People’s Republic of China. Coal imports increased by 57% compared to last year, to 8,542 million tons. Beijing bought Russian coal in August for just over $1.4 billion. This is twice as much as the same indicator last year.

Russian companies began redirecting coal to the east after the EU countries refused it: the EU banned the import of this raw material from Russia from August 10 as part of the fifth sanctions package.

The increase in supplies was also affected by severe drought and heat in the west and south of China, which began at the end of July. In order to cover the increased demand for electricity due to the operation of air conditioners, local coal-fired power plants are increasing fuel purchases.