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Reuters
Reuters
Business

Russia's logistic logjam worsens in winter, curbs coal exports to China

Coal Russia China Russian Railways Asia Moscow Europe
FILE PHOTO: A bucket wheel excavator loads wagons with coal at Borodinsky opencast colliery, owned by the Siberian Coal Energy Company (SUEK), near the Siberian town of Borodino east of Krasnoyarsk, Russia April 19, 2022. Picture taken April 19, 2022. REUTERS/Alexander Manzyuk

Infrastructure bottlenecks in Russia worsened with the winter season as rising demand for Asia-bound cargoes amid European sanctions on Moscow led to rail jams and worsened prospects for coal sales to China, according to data and market sources.

Russian President Vladimir Putin has urged domestic businesses to forge closer ties with Asia and Latin America after Europe introduced sweeping sanctions against Moscow after it sent thousands of troops into Ukraine on Feb. 24.

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