Russia’s war caused losses to the coal industry of Donetsk and Luhansk regions worth $300M

The Deputy Minister of Energy of Ukraine Yaroslav Demchenkov reported on March 22, 2023, that mines in Donetsk and Luhansk regions (east of Ukraine) cannot fully function due to Russian military aggression, losses from the actual loss of coal mining in this region may reach 300 million dollars.

Source: The Deputy Minister of Energy of Ukraine Yaroslav Demchenkov

According to Yaroslav Demchenkov, currently most of the settlements in the Donetsk and Luhansk regions, where coal mining is carried out, are located in the war zone, occupied or blocked by the Russian army.

“Mines in such conditions cannot fully function, and this creates new environmental risks and socio-economic problems. The cessation of work of a part of coal mining enterprises, according to the World Bank, means cumulative losses in the amount of more than 300 million US dollars,” informed the Deputy Minister of Energy of Ukraine.

According to the Kyiv School of Economics, as of February 2023, the total amount of damage caused to the infrastructure of Ukraine due to the full-scale invasion of Russia increased by 6 billion dollars and amounts to 143.8 billion dollars (at replacement cost).


See also: The EU and Britain stop buying Russian coal from August 10


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