Tag: SWIFT sanction

Russia offers to carry out thermal coal trade with China in RMB

Mar 14, 2022

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by

Rituparna Ghosh

in Non Coking

There has been RMB-denominated offers for Russian thermal coal to China, CoalMint heard from its market sources. Prices for 5500 NAR are heard at RMB 1,600/t ($251/t) and 5000 NAR at RMB 1,350/t ($212/t) CFR South China basis, including 13% VAT, for April-loading cargo. However, no trade has been finalised yet owing to settlement and…