Khakassia coal miners are hoping for the additional railway quotas to export coal eastwards.
In December 2022, the government of Khakassia and the Russian Railways (RZD) signed an agreement that set export quotas eastwards at 6.1 mio t in 2023.
In H1 2023, exports from the region to the East amounted to 3.1 mio t, total exports were at 7.3 mio t. In this context, in 2023 the total exports from Khakassia eastwards are expected to increase up to 6.2 mio t (+1.4 mio t or +29.2% y-o-y). However, this volume is still below the 2019-2020 level. Total exports are forecast at 14.7 mio t, up by 9.7% year on year, but has yet to rebound to 2021 level.
The declining coal prices and higher logistics costs had a negative impact on the coal mining enterprises of Khakassia. The republic’s leadership asked government to increase the railway quotas to export coal eastwards in H2 2023 up to 4.3 mio t.
Coal companies account for about 67% of income taxes in the region’s budget.
Source: CAA
