Imports of metallurgical coal from Russia have spurted around three-fold in the last three years to around 15.1 million tonnes in 2023-24 mainly due to lower prices while the same from Australia have declined, according to a research firm.
NEW DELHI, June 19 India’s purchases of Russian coal have spiked in recent weeks despite global sanctions on Moscow, as traders offer discounts of up to 30 per cent,.
India's purchases of coal and related products jumped more than six-fold in the 20 days through Wednesday from the same period a year earlier to $331.17 million.
Japan will phase out Russian coal imports as part of sanctions on Moscow over its invasion of Ukraine, the industry minister says, joining other Group of Seven industrialized nations in the move.