FUEL AND ENERGY COMPLEX OUTLOOK

Original Paper

UDC 338.2:622.3.013 © A.E. Tsivileva, S.S. Golubev, 2022

ISSN 0041-5790 (Print) • ISSN 2412-8333 (Online) • Ugol’ – Russian Coal Journal, 2022, № 8, pp. 84-91

DOI: http://dx.doi.org/10.18796/0041-5790-2022-8-84-91

Title

• Impact of sanctions on operation of the coal industry enterprises

Authors

Tsivileva A.E.1, 2, Golubev S.S.3

1 “Kolmar Group” JSC, Neryungri, 678960, Russian Federation

2 Federal state unitary enterprise “All-Russia scientific and research institute “Center” (VNII “Center”), Moscow, 123242, Russian Federation

3 Moscow Polytechnic University, Moscow, 107023, Russian Federation

Authors Information

Tsivileva A.E., Chairman of the Board of Directors, doctoral candidate, email: office@kolmar.ru

Golubеv S.S., Doctor of Economic Sciences, Professor, Professor of Economics and organization department,

e-mail: sergei.golubev56@mail.ru

Abstract

This article discusses the impact of sanctions on operation of the coal industry enterprises and how they can reorient their business strategies. The strongest impact of sanctions falls on the products with high added value. As the result of the sanctions, the profitability of industrial enterprises, their solvency, and their financial stability are reduced. At the same time, internal factors have a stronger impact on the Russian economy than the external ones. The impact of sanctions on the activities of coal mining enterprises is shown. A drop in noted in the cost of coal sold by the Russian companies to their customers, and creation of a body to coordinate export prices for Russian coking coals is proposed. It is shown that the refusal of the EU to purchase Russian coal will lead to a significant increase in the cost of coal. The need is justified for the coal mining companies to adjust their business strategies in conditions of the sanctions pressure, as well as to redirect their supply chains to the Asia-Pacific region and to optimize the ways coal is delivered to their clients.

Keywords

• Sanctions, Coal enterprises, Volumes of coal mining, Cost of coal, Changing business forms, Logistics, Production and technological potential.

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For citation

• Tsivileva A.E. & Golubev S.S. Impact of sanctions on operation of the coal industry enterprises. Ugol’, 2022, (8), pp. 84-91. (In Russ.). DOI: 10.18796/0041-5790-2022-8-84-91.

Paper info

Received July 4, 2022

Reviewed July 19, 2022

Accepted July 25, 2022