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Russia lifts exchange-rate-linked duty on most coal exports
![IndiaTimes]()
Tuesday, 9 January 2024
Russia has lifted duties linked to the rouble-dollar exchange rate on most coal exports, according to a decree published on the government's website. The export duties -- which were introduced on a number of goods in October and had been expected to last until the end of 2024 -- were scrapped for exports of thermal and coking coals, as well as anthracite, the decree showed. Analysts, cited by Kommersant daily, said the decision to scrap the duties may help Russian coal producers save between $1.1 billion and $1.5 billion per year.
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Tuesday, 9 January 2024
