Ukraine in January-September 2020 reduced imports of coal and anthracite (foreign economic activity code 2701) by 14.9% (by 2.234 million tonnes) compared to the same period in 2019, to 12.717 million tonnes.
According to the State Customs Service, coal imports amounted to $1.322 billion, which is 36.7% less than in January-September 2019.
At the same time, coal was imported from the Russian Federation for $796.222 million (60.22% of total imports), the United States for $400.793 million (30.31%), Kazakhstan for $87.431 million (6.61%), other countries for $37.712 million (2.85%).
Ukraine’s coal export for the eight months of 2020 amounted to 2,024 tonnes for $163,000 versus 13,157 tonnes for $508,000 in January-September -2019, in particular to Poland for $156,000 and Moldova for $7,000.
Sadovaya Group, a producer of steam coal, in its report for 2016 posted a loss of $18.07 million, which is 2.1 times ($20.724 million) less than in 2015.
According to the document posted on the website of the Warsaw Stock Exchange, the company’s revenue in 2016 was only $8,900 against $1.04 million a year earlier.
“Due to the difficult financial situation and the inability to resume the operation of subsidiaries located in the temporarily uncontrolled territory of Ukraine, in 2016 Sadovaya Group received heavy losses and is forced to postpone the audit of the report for 2016 until the end of hostilities,” the document says.
As reported, the assets of Sadovaya Group are located in the temporarily occupied areas of Donbas.
Sadovaya Group was founded in 1995. In December 2010, Sadovaya Group holding company held an initial placement of 25% of shares on the WSE and raised PLN 92.6 million ($31.9 million in dollar terms).
