Taiwan’s state-owned electric power firm said on Wednesday it has made its final payment for Russian coal and will not enter future deals with Russia.
Taipower spokesperson Wu Chin-chung said the company had agreed to buy 1.16 million tonnes of coal this year from Russia for $280 million, adding that no more business would be done due to the war in Ukraine.
Taiwan has joined in Western-led sanctions against Russia for its invasion of Ukraine, keen to show it is a responsible member of the international community, and the government has condemned Russia for its actions.
The final payment of $150 million was made this month and no further coal would be bought from Russia, with coal coming instead from Indonesia, Australia, Colombia and South Africa, Wu said.
- Reuters, with additional editing from Alfie Habershon