Russia approves new measures to support domestic coal industry

The anti-crisis strategy for Russia's coal industry has been given the green light by the president. The program's key element will be the establishment of a specialized institution responsible for managing bankruptcy procedures for coal companies.

Russia's deputy prime minister Alexander Novak had tasked the development of support measures to agencies as early as the end of 2024. Prime minister Mikhail Mishustin has tentatively agreed on the measures, it is stated in Novak's appeal of this late April requesting support for the initiative. Russia's coal industry