Russia ban seen tightening coal market that’s already surging

A potential EU ban against imports of Russian coal may add pressure to supply chains, which has already made coal prices soar, says Australian coal producer.
Photo: Rob Griffith/AP/Ritzau Scanpix
Photo: Rob Griffith/AP/Ritzau Scanpix
By David Stringer, bloomberg news

A looming ban on Russian coal imports by the European Union will add to supply pressure that’s sent prices of the fossil fuel hurtling to a record, according to a key Australian producer.

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