Putin orders review of Russian coal mining tax

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Putin orders review of Russian coal mining tax
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Russian President Vladimir Putin has asked the government to review a mineral ex...

FILE PHOTO: Russia's President Vladimir Putin chairs a meeting with members of the Security Council in Moscow, Russia August 23, 2019. Sputnik/Alexey Nikolsky/Kremlin via REUTERS

Russia is the world’s third largest coal exporter after Australia and Indonesia. Putin has been a proponent of further expansion of the country’s export infrastructure and seeking new coal markets, with China seen as a particularly important customer. The energy ministry told that meeting that the country’s annual coal output was expected to rise to 550-670 million tonnes by 2035 from the current 440 million tonnes.

The reason behind this order was not explained in the list. However, the FSB is in charge of border control in Russia, and easier access to the check points on the border with China could make exports to the country more attractive for a nearby coal producing regions.

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