Russia Lays Out Expansion Plans in the Wake of the Rouble’s Decline, Erodes Australia’s Coal Export Dominance

 A picture illustration shows U.S. Dollar and Russian Ruble banknotes in Sarajevo, March 9, 2015.

 

Russia has set its sights on the Asia-Pacific region to boost its trade ties and coal mining business, as well as its gold mining sector, in the wake of the rouble’s decline, several sources said. The country has also started to erode the dominance of Pacific thermal coal market powerhouses Australia and Indonesia over the past 12 months.

Read more at: http://au.ibtimes.com/russia-lays-out-expansion-plans-wake-roubles-decline-erodes-australias-coal-export-dominance-1439841

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