From Russia with love: Coal miners thrive

The war in Ukraine has forced European nations to move away from Russian coal, gas, and oil, raising the price of fossil fuels at a time when the region has been leveraging on these commodities to accelerate its green transition.

Russia, the third-largest exporter of coal, has been hit with broad sanctions by the West over its war in Ukraine, leading to shortages of the commodity while demand had already been rising due to the recovery of the global economy from the initial COVID-19 impact.