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Russia, China agree new coal deal for 100 million ton supply: state media

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Russia and China have agreed on a new deal that will see Russia supply 100 million tons of coal in the “coming years” to its southern neighbor.  

Sergey Mochalnikov, the head of the Russian Energy Ministry, announced the deal on Friday. The new deal will add to an already lucrative deal Russia signed with India in Nov. 2021 to supply 40 million tons of coal. 

“Now, an intergovernmental agreement with the People’s Republic of China is being developed and the figure is 100 million tons,” he said. “In the coming years, consumers should receive as much coal as they need.”

Russian news outlet TASS, which is owned by the government, reported on the deal, adding that Russia’s share of coal in the Asia-Pacific market has increased by 8% since…

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