Japan’s Idemitsu Kosan suspends new Russian coal trade

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Japan’s Idemitsu Kosan has suspended new Russian coal trades for Japanese end-users’ imports amid uncertainty over payment settlements and the possibility of logistics disruptions, a company spokesperson told S&P Global Commodity Insights March 29. “Currently, we are not transacting any new trades of Russian coal,” the spokesperson said, adding that the company was considering alternative coal procurements, mainly from Japan’s…