Sanctions against Russia virtually stopped sea export of coal

European sanctions against Russia have virtually stopped the sea export of coal from this country, according to Bloomberg, Report informs citing RBC-Ukraine.

The largest company in Russia for the extraction of thermal coal, Suek JSC, has not been able to ship products since mid-August.

In addition, the insurance and reinsurance market is dominated by companies from the EU, the UK and Switzerland, and the imposed sanctions make it difficult for shipowners to find insurers.