Russia’s Coal Industry Is Losing $1 Billion a Day
#Russia #Coal #Kuzbass #China #India #Energy #Siberia #Mechel #russianrailways
Russia's coal industry is collapsing! What generated $10 billion profit in 2022 now loses nearly $1 billion daily. 74% of companies bleed cash, miners go unpaid for months, and entire Siberian towns face shutdown.
In this video, we analyze Russia's coal catastrophe:
THE KUZBASS CRISIS: 900 miners lost jobs and 90 million rubles in wages overnight - how coal town collapse mirrors the strikes that toppled Soviet governments.
THE PRICE FREEFALL: Coal crashed from $450 to $69 per ton - below breakeven for most Russian producers.
CHINA WALKS AWAY: Beijing cuts Russian coal imports by 25% while stockpiles surge 42%. India follows, choosing Australia over Russia.
THE RAILWAY TRAP: Every ton exported loses 259 rubles as transport costs double, yet Russian Railways raised tariffs another 10%.
MECHEL'S COLLAPSE: Russia's largest producer cut output by half, posting 40.5 billion rubles in losses. Putin's rescue package covers less than half what's needed.
From trillion-ruble profits to economic death spiral - witness how Russia's "energy lifeline" became a bleeding wound threatening railways, budgets, and hundreds of thousands of jobs.