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Russian Coal Sector’s Slide Into Crisis Shows Cracks in Economy

Summary by Bloomberg
Russia’s coal industry has slipped into crisis under the weight of high borrowing costs and sanctions as slowing demand in China compounds with falling prices to expose deeper cracks in the economy.

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In 2022, cracks in French nuclear power plants helped worsen the energy crisis. Now, more cracks are raising concerns about further production declines, according to analysts.

·Oslo, Norway
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Bloomberg reported on the crisis in the Russian coal sector on Friday. It points out that this is yet another element revealing cracks in the overall economy. Industry insiders are complaining about equipment shortages and falling demand from other countries. Losses for Russian producers could more than double this year.

Under pressure from high borrowing costs and sanctions: Russia's coal industry in crisisThe Russian coal industry is in crisis due to high borrowing costs, sanctions and falling demand in China. Only half of the companies remain profitable, and some mines have suspended production.

·Kyiv, Ukraine
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Developments in recent years have in fact been "nothing".

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charter97.org broke the news in on Friday, July 11, 2025.
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