Russian Rail Restrictions Risk Up to $470 Million in Kazakh Coal Exports

Kazakh coal exports to Europe via Russia have drastically fallen, with transit shipments dropping 97% from August to October 2026. Russian Railways approved no requests for Baltic port shipments in October or November, despite an agreement. Economist Yernar Serik estimates up to $470 million in coal exports are at risk by year-end due to these curbs.

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