Free Trial

India Imports Record Amount of Coal from Russia

  • Kommersant analysed the statements of 37 traded mutual funds focused on investments in foreign assets and found that the value of their net assets in the second quarter amounted to about RUB 50bln having halved since the beginning of the year due to high infrastructure risks.
  • Kommersant also write that India have significantly increased coal and steel purchases from Russia in July and August while analysts have said that exports from Russia will continue to grow on the back of increased demand for steel and high costs for local producers in India. According to the CoalMint agency, imports of Russian coal into the country reached a record 2.3 million tons in August.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.