China halts Russian coal imports over financial sanctions

Economy 03/03/22, 21:40

Chinese coal importers are holding back purchasing from Russia upon the mounting sanctions being imposed on Moscow. The buyers struggle to secure loans from state banks and trades have been suspended for the time being. Along with oil, coal prices have shot up this week after the Russian invasion. Newcastle coal ...

Countries take turns sanctioning Russia but forgot one thing

Economy 03/01/22, 20:25

After Russia's invasion of Ukraine on Thursday, Feb. 24, 2022, countries such as Europe and the U.S. continued to impose sanctions against Moscow. However, those sanctions tend to ignore essential energy products such as oil and wheat, which heavily affect the world economy and daily lives. China stood by the ...

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