Coal prices are rising again as the Russia-Ukraine crisis has put energy markets on alert and Russian coal producers struggle to get their coal via railways to export terminals due to COVID-related railway staff shortages. JSC Kuzbassrazrezugol (KRU), asked customers to postpone initially planned deliveries of coal for the first and second quarter of 2022 by one quarter, in a letter to clients dated February 18 and seen by Bloomberg News.
“Without prejudice to our rights and obligations we kindly ask you to consider postponing the deliveries…Energy Crisis Worsens As Russia Delays Coal Supply
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