The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
According Reuters reporting, a Sri Lankan government official has affirmed that the country has purchased two cargoes of 60,000 tonnes of coal each from the Singapore unit of Russian coal trader SUEK AG and will pay in US dollars (about USD 17 million).
The coal shipments will be the first from Russia to Sri Lanka since Russia’s invasion of Ukraine on 24 Feb.
“A letter of credit (LC) backed by the central bank has been opened. At the maturity, payment will be made by the treasury,” the official said.
