Coal news and updates

Russia to reintroduce linked coal export duties from March 1

MOSCOW, Feb 29 (Reuters) -The Russian government will reintroduce flexible export duties for coal exports linked to the rouble exchange rate from March 1, the government said on Thursday.

The duties will be valid until Feb. 28, 2025 and will vary from 4% to 7%, depending on the exchange rate of the national currency. If the rate is below 80 roubles per U.S. dollar, the duty will not be applied.

Russian authorities abolished similar coal export duties, which had been imposed on Oct. 1, 2023, in December 2023.

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