The shipment of Russian coal in October amounted to almost 16.6 million tons

Against the backdrop of the entry into force of oil sanctions against the Russian Federation, Russian coal exports by sea transport returned to an all-time high after the EU in the fall allowed volumes to be diverted to Asia.

As Bloomberg reports with reference to analytical data of the Kpler company, shipments in October amounted to almost 16.6 million tons.

That volume is slightly lower than June, which was the highest since at least 2017. According to the article, exports have decreased slightly since then and are in line with normal seasonal volatility.

The situation with Russian coal:

On April 8, 2022, the European Union published the fifth package of sanctions, which includes a coal embargo.

From August 2022, there was a ban on the purchase, import or transportation of coal and other solid fossil fuels in the EU, if they originate from Russia or are exported from Russia.

On July 21, 2022, it became known that Great Britain will introduce sanctions on the import of coal and oil from Russia.

On August 10, 2022, the EU banned the import of Russian coal.

As of August 25, 2022, sea exports of Russian coal were effectively halted due to EU sanctions.

In September, the European Commission published revised guidelines, saying that the provision of essential transport services outside the EU should be allowed to tackle global energy and food security. It is about transportation, financing and insurance of such cargoes.

Coal shipping destinations have changed since the start of the year, with Turkey a key factor in Russia’s success, with sales falling when EU curbs were imposed in September.

EU countries, as before, cannot import Russian coal, but European companies are now allowed to send goods to third countries. The sale of Russian coal to Asia increased sharply after the full-scale invasion of Ukraine by the Russian Federation.