Russian coal and oil paid for in yuan is about to start flowing into China, Bloomberg reported on Thursday. According to the media outlet, citing Chinese consultancy Fenwei Energy Information Service, several Chinese firms used local currency to buy Russian coal in March, and the first cargoes will arrive this month.
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Russian Railways (RZD) said on Thursday it was unable to make coupon payments on its dollar-denominated Eurobonds on time due to technical problems with Western banks. The company was hit with UK sanctions last month, so any bond payments are considered frozen assets and blocked on the account of the agent bank.
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The Senate has voted to confirm Ketanji Brown Jackson, after a contentious series of hearings The US Senate voted 53-47 on Thursday to confirm Judge Ketanji Brown Jackson to the Supreme Court. Jackson faced stiff opposition from Republicans who hammered her past lenience on child sex offenders and controversial stance on gender issues, but ultimately…
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