Sri Lanka Gov Purchased Coal from Russian Trader

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.