Russian Railways to increase coal transportation tariffs in 2024
Russian Railways (RZD) is considering a tariff overhaul for coal transportation in 2024, potentially resulting in a 20-30% increase in rail freight costs. This move has the potential to make long-distance thermal coal supply economically unviable, impacting domestic coal pricing, risking mine closures, and affecting Russia's coal export market. In 2022, Russia's coal freight volume was 354.4 mnt, with 157.28 mnt for domestic use and 197.12 mnt for export.