... from their energy balance, causing demand to grow significantly slower than production. In Russia, coal still occupies a significant share in electricity generation and exports. Production by Russian companies remains close to record levels, and under sanctions, the coal industry is actively redirecting to Asian markets. The state supports exporters by developing port infrastructure in the Far East and subsidizing rail transportation to increase supplies to the Asia-Pacific region. In the future, despite ...

... accumulation of reserves as it reduces the risks of sharp price surges in winter. However, market participants continue to monitor potential EU decisions regarding further reductions in dependency on Russian gas. Against the backdrop of discussions on new sanctions against Russia, Hungary has already stated that it will seek separate solutions with Russia in the event of a European-wide ban on Russian gas imports—this signal underscores the ongoing divisions within the EU regarding energy security. Fuel ...

... their energy mix, thereby increasing demand at a much slower rate than production growth. In Russia, coal still holds a substantial share in electricity generation and exports: production by Russian companies remains close to record levels, and amidst sanctions, the coal industry is actively redirecting towards Asian markets. The government supports exporters by developing port infrastructure in the Far East and subsidizing rail transportation to boost supplies to the Asia-Pacific region. Looking ahead ...

... market. They arise from external circumstances, such as economic, political, and other factors. Non-market risks may include economic factors (economic crises, inflation, interest rate changes), political factors (government instability, legal changes, sanctions), and various force majeure events (such as natural disasters or pandemics). Such events can negatively impact the value of investments, even if the chosen instruments themselves are reliable. Risk of Asset Price Decline One of the most obvious ...

... than production. In Russia, coal still holds a significant share in electricity production and exports. The production levels of Russian companies remain near historic highs, with the coal sector actively reorienting toward Asian markets in light of sanctions. The government supports exporters by developing port infrastructure in the Far East and subsidizing railway transport to boost supplies to the Asia-Pacific region. In the future, despite coal's continued significant role, the industry will ...