New Delhi plans to boost imports of coking coal, anthracite, and pulverized coal from Russia to 40 million tons per year. The supplies, worth around $4.5 billion, are intended to meet the needs of India’s steel industry.
The news was first reported by Kommersant business daily on Monday. According to its sources, Russian Deputy Energy Minister Anatoly Yanovsky said that the issue had been already discussed with India’s Ministry of Steel. The ministry believes that Russia can deliver the volumes discussed, and the exports can be “pretty competitive” with Australian coal.
Continue reading https://on.rt.com/aowv