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The Cabinet is ensuring a stable and efficient operation of basic industries of the Ukrainian economy. To this end, the Ministry of Economic Development and Trade proposes the government to keep the practice of quotas on imports of coking coal other than anthracite, and increase the quota from 11.2 to 14 million tons in 2014, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.
The issue of limiting imports of these products has been discussed since early 2013, because of its surplus on the domestic market.
The Interdepartmental Commission for allocation of quotas for goods subject to licensing says this quota is a prerequisite to satisfy needs of domestic steelmakers and ensure a stable operation of the metallurgical industry.
According to the experts of the Ministry of Energy and Mines, the restrictions on imported coking coal imposed this year positively affected the development of basic industries of the Ukrainian economy despite slightly enhanced consumption of imported coal of gas group by metallurgists before quotas were approved this June.
The overall consumption of the Ukrainian coking coal went up by 40% and amounted to 241,400 tons in Q2 2013 year on year.
This year quotas on imports of coking coal enabled state coal enterprises to allocate additional 482,800 tons of their products including gas group coal - about 193.3 thousand tons in the 5 months of 2013.
Ukraine is today one of the world leaders in coal mining, owning 4% of world reserves of coal. This provides domestic energy resources both for the population and the economy. Over the last ten years, Ukraine manufactured from 72.2 to 85.9 million tons of black gold every year.