According to market sources, Russia has drastically restricted the transit of Kazakh coal through Russia to Baltic Sea ports, and railway capacity has been allocated to transport local Russian goods such as grain. Affected by railway network congestion, Russian Railways did not approve transit applications for Kazakh coal to Baltic Sea ports via Russia in October and November. The transit volume of Kazakh coal through Russia fell from 1 million tons in August and 500,000 tons in September to 30,000 tons in October. The restrictions have been implemented since September because the northwest port has taken on more domestic Russian goods that were originally shipped via the Azov-Black Sea basin.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.