Russian coal industry keeps production volumes at 2024 level — Energy Minister
Sergey Tsivilyov also emphasized that there has been a shift in production centers towards the East
VLADIVOSTOK, September 4. /TASS/. Despite the crisis, the Russian coal industry in 2025 will show the same production volumes as last year, Russian Energy Minister Sergey Tsivilyov said in an interview with the Rossiya-24 TV channel on the sidelines of the Eastern Economic Forum.
"Despite all this pressure, our coal industry this year is showing the same production volumes as in 2024. Of course, there has been a shift in production centers towards the East. And the Far Eastern regions have begun to increase production. Production in Kuzbass has partially fallen. This happened due to the market shifting to the East," he said.
Tsivilyov recalled that a number of decisions had been made to support the coal sector.
"First of all, the first decision is broad support measures that have been used by more than 130 coal companies. This is a restructuring of credit debt. The overall effect is approximately 1.3 trillion rubles ($16 bln)," he stressed.
Other tools include a reduction in the tax burden and individual support measures for coal companies, Tsivilyov said.
About forum
The 10th Eastern Economic Forum is taking place in Vladivostok from September 3 to 6 under the theme "The Far East: Cooperation for Peace and Prosperity." The business program will feature more than 100 thematic sessions divided into seven tracks. The forum is expected to bring together over 4,500 participants from more than 70 countries and territories. The Roscongress Foundation is the organizer of the EEF, with TASS as its general information partner.