He noted that there are various forecasts for the long-term development of the global coal market, including the risk of a significant market contraction due to technological changes in the global fuel and energy complex and the active use of alternative fuels.
“In any case, it is necessary to carefully study all possible scenarios in order to guarantee the confident development of our coal-mining regions even with a decrease in global demand for coal, with a deterioration in the global situation,” Putin stressed.
The head of state urged to make plans for the development of the coal industry in the longer term, taking into account the strategic challenges and long-term prospects of the market.
In June, Russian Prime Minister Mikhail Mishustin approved a program for the development of the coal industry in Russia until 2035.
Igor Yushkov, a leading expert of the National Energy Security Fund, lecturer at the Financial University under the Government of Russia, in an interview with FBA "Economics Today" commented on the prospects for the export of coal along the Northern Sea Route (NSR).