Ukraine cuts spending on coal imports in H1 by over 4% to almost US$1.5 bln

Russia, the United States, and Kazakhstan were major suppliers of coal.

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Ukraine in January-June 2019 (H1) reduced foreign currency spending on imports of mineral coal and anthracite by 4.2% year-over-year (y-o-y), to US$1.476 billion.

Over the period under review, the country imported 10.5 million tonnes of coal, according to the State Fiscal Service of Ukraine.

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Russia, the United States, and Kazakhstan were major suppliers of coal to Ukraine in H1 2019, the agency said.

Coal imports from Russia in monetary terms amounted to US$921.3 million (62.4%), those from the U.S. stood at US$469 million (31%), while imports from Kazakhstan totaled US$62.2 million (4.22%).

As UNIAN reported earlier, Ukraine started facing an acute shortage of coal since the summer of 2014 as a result of hostilities in the east of the country. It completely lost control over some areas in Donbas where most of coal mines are located. After that, the country started importing coal.

In 2015, the country's imports of coal and anthracite totaled $1.632 billion. Russia, the United States and Kazakhstan were key suppliers of coal to Ukraine. In 2016, the country reduced spending on coal imports by 10% from 2015, to US$1.467 billion. Ukraine increased foreign exchange costs for imports of mineral coal and anthracite by 1.87 times in 2017, to US$2.744 billion.

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