China keeps stocking up on discounted coal while the West shuns Russian fossil fuels China purchased 7.42 million tons of Russian coal last month, according to data released by the General Administration of Customs on Saturday. The figure marks the highest monthly level since comparable statistics were launched in 2017. It was up from 6.12 million tons China imported in June and 6.49 million tons in July 2021. Western buyers opted to avoid shipments from Russia ahead of an EU ban on the country’s coal, which came into effect on August 11. The embargo, aimed at reducing Moscow's energy revenue, is part of sanction
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