In Jan-Feb 2021 Ukraine’s coal imports surged to 3.4 mio t (+0.3 mio t or +10% y-o-y). Ukraine received 2.1 mio t or 62% of its coal imports from Russia, 0.8 mio t or 25% from the US, 0.3 mio t or 10% from Kazakhstan, while other countries supplied the remaining 0.2 mio t or 3%.
In January 2021, an unexpected cold snap boosted coal consumption at local TPPs and decreased Ukraine’s coal reserves below record lows to 0.6 mio t (-33% compared to critical levels necessary to maintain stable power supply). Warmer weather in the end of February resulted in weaker demand for energy and slight recovery in stocks.
On December 16, 2020, Ukraine prolonged 65% duty on coal imports from Russia until the end of 2021. The duty was not imposed on imports of anthracite and coking coal, the two types of coal that Ukraine facing shortage.
Source: CAA Analytics
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