Russia Seeks to Expand Coal Exports to Morocco Amid EU Sanctions

The restrictive measures taken by the European Union against Russia have strongly affected the coal trade, according to the Russian media, adding that the country has undertaken to search for other markets to sell it.

In this sense, the state-owned company Arktikugol, specialized in coal extraction and exploitation, is studying the possibility of entering the Moroccan market, the same sources point out, stressing that the company was planning to restructure its commercial policy.

"There have been no sales so far this year, we hope to develop new logistics routes. There is the Moroccan market, there is the Egyptian market. There is China and India, but of course these are long distances, it is not always profitable. But the work is being done actively, I am sure we will find a solution," said Ildar Neverov, the acting general director of Arktikugol.

Furthermore, the media report that the company is also considering partnering with shipping companies capable of shipping and exporting coal. Note that in addition to Morocco, Russia wants to turn to Turkey and Egypt for its exports.