Over the past three years, Russian coal exports have significantly decreased, falling to 195 million tonnes in 2024—a 17.5 million tonne drop from 2023 and a 26.2 million tonne decrease from 2022. This decline is attributed to a confluence of factors including Western sanctions, a European embargo on Russian coal, and severe logistical bottlenecks within the Russian railway system. These issues, coupled with historically low export prices, resulted in an overall loss of RUB 81 billion (US$810 million) for Russian coal companies. Consequently, Kemerovo Oblast, Russia’s primary coal-producing region, also saw production decline by 15.8 million tonnes.
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The US is initiating a new round of sanctions against Russia just days before Donald Trump’s presidential inauguration. This action, occurring in the final hours of the Biden administration, is seen by some as a deliberate attempt to hamstring the incoming president’s ability to pursue friendlier relations with Moscow. The timing is undeniably provocative, raising questions about the motivations behind such a last-minute move.
This flurry of activity comes amid ongoing geopolitical tensions, primarily centered around the conflict in Ukraine. The situation is complex, involving negotiations, demands, and significant disagreements between Russia, Ukraine, and the US. Russia is reportedly seeking guarantees that Ukraine will not join NATO, a condition Ukraine is unlikely to accept without a significant withdrawal of Russian troops from occupied territories.… Continue reading
The EU is proposing its fifteenth sanctions package against Russia, targeting entities aiding the war effort in Ukraine. This includes asset freezes for six Chinese companies and one Chinese individual, along with visa bans for 54 individuals and asset freezes for 29 companies, primarily Russian. The sanctions aim to further restrict Russian access to resources and international cooperation. Despite previous sanctions impacting visa access, Russian tourist and business visa applications to the EU have still increased significantly.
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John Q. Hosedrinker 
Matt Underwood