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Original Paper

UDC 338.45.97 © D.Yu. Savon, A.E. Safronov, N.O. Vikhrova, G.V., Kruzhkova, M.S. Goncharov, 2022

ISSN 0041-5790 (Print) • ISSN 2412-8333 (Online) • Ugol’ – Russian Coal Journal, 2022, № 11, pp. 62-68

DOI: http://dx.doi.org/10.18796/0041-5790-2022-11-62-68




Savon D.Yu.1, Safronov A.E.2, Vikhrova N.O.1, Kruzhkova G.V.1, Goncharov M.S.1

1National University of Science and Technology "MISIS" (NUST “MISIS”), Moscow, 119049, Russian Federation

2FGBOU VO "Don State Technical University", Rostov-on-Don, 344010, Russian Federation

Authors information

Savon D.Yu., Doctor of Economic Sciences, Professor of the Department of Industrial Management, e-mail: di199@yandex.ru

Safronov A.E., Doctor of Economic Sciences, Professor of the Department of Management and Business Technologies, е-mail: reception@dstu.edu.ru

Vikhrova N.O., PhD (Economic), Associate Professor of the Department of Economics, e-mail: natalia.vichrova@yandex.ru

Kruzhkova G.V.,PhD (Economic), Associate Professor of the Department of Engineering Cybernetics, e-mail: g.kruzhkova@misis.ru

Goncharov M.S., postgraduate student, e-mail: GovMaxim@outlook.com


The aim of the work is to develop measures to support the coal industry during non-systemic crises, one of which was the 2020–2021 crisis caused by the COVID-19 pandemic. The object of the study is the Russian coal industry as a set of enterprises engaged in the extraction and enrichment of coal. The subject of the study is the impact of the crisis on the financial result of the industry. The paper identifies and systematizes the factors of the crisis and analyzes its impact on the financial result of the industry and individual groups of enterprises. Groups of enterprises were identified, the financial results of which deteriorated the most. Based on the results of the analysis, a cash flow management scheme was proposed, aimed at minimizing the negative impact of the crisis on operating, financial and investment activities.


Russian coal industry, COVID-19 pandemic, Crisis factors, Financial result, Cash flows


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For citation

Savon D.Yu., Safronov A.E., Vikhrova N.O., Kruzhkova G.V. & Goncharov M.S. Impact of the crisis on the financial performance of the coal industry.Ugol’, 2022, (11), pp. 62-68. (In Russ.). DOI: 10.18796/0041-5790-2022-11-62-68.

Paper info

Received August 2, 2022

Reviewed September 29, 2022

Accepted October 26, 2022


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