Since the beginning of the escalation of the Ukrainian situation, the Collective West has imposed an unprecedented number of sanctions against the Russian economy. Restrictions in international trade operations and, in some cases, their full termination have forced large domestic businesses to look for “friendly” markets and develop new logistics routes. And if at the end of the first half of 2022, the oil and gas industry has shown significant growth, some Russian corporations of metallurgy and coal industry were under a jeopardy. Despite favorable conditions in the first months of 2022, the financial results of the second quarter are expected to be much more modest. The fall in revenues of metallurgy and the coal industry from spring 2022 was influenced by higher transportation costs as a result of the turn to the East, insufficient capacity of the Baikal-Amur Mainline and Trans-Siberian Railway, sales of products at a large discount to Asian consumers, and lower export revenues due to the strengthening of the ruble. All these factors will have a negative impact on the volume of the taxable base and revenues of regional budgets. The article was written using methods of vertical and horizontal data analysis, methods of comparison and forecasting, and the method of expert evaluations. The information base of the study was the domestic and foreign literature on the development of metallurgical and coal industries; financial statements and operating results of the largest Russian corporations of ferrous metallurgy (PJSC Severstal), nonferrous metallurgy (PJSC Nornickel) and coal industry (JSC СС Kuzbassrazrezugol); data of the Federal Tax Service in the Vologda and Kemerovo Oblasts, and Krasnoyarsk Krai; information of Forbes.ru; data of information and news portals
Keywords
coal industry, sustainable development, ferrous metallurgy, socio-economic development of territories, global challenges, anti-Russian sanctions, nonferrous metallurgy