Russia’s Coal Industry Implodes as Global Energy Shift Accelerates
Russia’s coal industry is experiencing its worst crisis in decades with massive financial losses and widespread closures. Meanwhile, renewable energy and battery storage are becoming the fastest-growing segments of the global economy, signaling a fundamental energy transition.
Russia’s Coal Industry in Freefall
Russia’s coal sector is facing its most severe crisis since the 1990s, with catastrophic financial losses mounting as exports collapse and domestic producers struggle to remain solvent. According to reports, the industry lost approximately Rbs 225 billion (US$2.8 billion) in the first seven months of 2025 alone—more than double the total losses recorded in all of 2024.
