Highlights Railway issues delay coal delivery from Russia Banks warn against coal trade with Russia: traders Ships warned against going to Suek port: traders Some buyers in China have been advised by banks and higher authorities to refrain from procuring Russian coal due to possible sanctions amid Russia’s invasion of Ukraine, sources told S&P Global Platts Feb. 24.
Market participants globally are cautious about trading Russian coal after sanctions were imposed on Russian banks and high-level officials after Moscow escalated its conflict with Ukraine Feb. 21. On Feb. 24, Russian President Vladimir Putin approved military operations in eastern Ukraine. “It seems like some Chinese state-owned enterprises are staying away from Russian coal for the moment. I tried to sell Russian coal to a state-owned group, and they cited the invasion and said they were instructed to stay […]