Energy

After buying Russia’s discounted oil, India looks to buy its coal

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Even as the world shuns Russian goods, India is setting its sights on Russian coal. India’s coal imports from Russia jumped in March 2022 to highs not seen in more than two years, according to commodity intelligence firm Kpler.

Ritesh Shukla | Getty Images News | Getty Images

India’s hunger for coal is growing. Even as the world shuns Russian goods, the Asian giant is setting its sights on Russian coal – after already buying up its discounted oil.

The European Commission last week proposed banning Russian coal as part of a new round of sanctions against Moscow for its invasion of Ukraine.

On the other hand, India’s coal imports from Russia jumped in March to highs not seen in more than…



Source cnbc.com

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