China's Russian coal purchases stall as buyers struggle to secure financing | Reuters - discu.eu

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China’s Russian coal purchases stall as buyers struggle to secure financing: “Most banks have stopped issuing letters of credit after the SWIFT sanctions. As almost all contracts are dollar-denominated, we have no other way to make the payment.” https://www.reuters.com/business/chinas-russian-coal-purchases-stall-buyers-struggle-secure-financing-2022-03-01/ 72 comments 1/3/2022 worldnews

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China can't do much to help Russia's sanction-hit economy | CNN Business https://edition.cnn.com/2022/03/03/economy/china-cant-help-russia-sanctions-fallout-intl-hnk/index.html 34 comments

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