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Russia eyes Africa as major coal export market
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Russia Provides Support for Its Coal Industry
The Russian government agreed to support its ailing coal industry, including by deferring tax payments, as well as by limiting dividends and bonuses to top management, according to Reuters. Russian coal producers face a number of challenges, including international sanctions over Ukraine. Deputy Prime Minister Alexander Novak reported told Russian President Vladimir Putin last month that the sector’s financial health had continued to deteriorate…
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