首页 社会内容详情
菲律宾欧博网欧博手机版网址:How an Indian cement maker bought Russian coal using yuan

菲律宾欧博网欧博手机版网址:How an Indian cement maker bought Russian coal using yuan

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

菲律宾欧博网欧博手机版网址www.aLLbet8.vip)是欧博集团的官方网站。菲律宾欧博网欧博手机版网址开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

AN Indian cement maker recently purchased Russian coal using yuan. It involved India’s biggest private lender, HDFC Bank.

AN Indian cement maker’s recent purchase of Russian coal using yuan involved India’s biggest private lender, HDFC Bank, according to an invoice seen by Reuters and a source, as more details emerge of the kind of trade that could blunt Western sanctions against Moscow.

There is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed on Russia in the wake of its invasion of Ukraine. But the document shows one way in which Russia could continue to sell commodities abroad without settling in US dollars despite restrictions aimed at freezing it out of financial markets.

According to the invoice dated June 5 and a source familiar with the matter, HDFC Bank backed cement maker Ultratech’s purchase of Russian coal from producer and trader SUEK for 172.7mil yuan (US$25.74mil or RM113.9mil).

The letter of credit for the deal was issued by HDFC Bank’s Mumbai suburban branch of Andheri East, according to the invoice.

The dollar is the currency of choice for global trade in raw materials, but some traders say the yuan could be increasingly used to settle payments for supplies from Russia.

,

约搏以太坊单双博彩www.eth108.vip)采用以太坊区块链高度哈希值作为统计数据,约搏以太坊单双博彩数据开源、公平、无任何作弊可能性。

,

In the invoice, SUEK requests Ultratech remit the 172.7 million yuan (RM114mil) to SUEK’s account at the Shanghai branch of China Everbright Bank. SUEK lists the Hong Kong branch of international lender HSBC as the correspondent bank.

A correspondent bank acts as a middleman in the transfer of money from one bank to another. Reuters could not determine if a payment had been received by China Everbright or if HSBC or any other bank was involved in a transfer of funds.

HDFC Bank and HSBC declined to comment. Ultratech, SUEK and China Everbright Bank did not respond to requests for comment. It was not clear from the invoice which currencies were used to effect the yuan payment.

The amount listed was quoted in Chinese yuan and Reuters reported last week that Ultratech imported 157,000 tonnes of coal from Switzerland-registered SUEK and agreed to settle the final payment in that currency.

For India, such payment methods could become more common as it seeks to maintain trade ties with Russia for commodities including oil and coal without the risk of contravening Western sanctions.

India has deep political and security ties with Russia and has refrained from condemning the Ukraine war, which Russia says is a “special military operation”. — Reuters


转载说明:本文转载自Sunbet。
  • 新2手机管理端(www.hg108.vip) @回复Ta

    2022-07-11 00:15:59 

    Filecoin矿机感觉已经火了

    • 活泼大叔 @回复Ta

      2022-08-03 04:03:26 

      兴中街集合式住宅昨天发生火警,导致多名住户受困,警消接获报案,派出超过30辆消防车辆,以及数十位消防员前往现场抢救。因火势猛烈许多住户爬到高楼层、顶楼,甚至是铁窗外求生,消防人员不断洒水降温极力抢救,仍造成6死6伤的惨剧。台中市长卢秀燕得知消息,漏夜赶往现场了解关心情况。我都哽咽了

发布评论