On Wednesday, the Russian gas exporter and bank Gazprom suspended gas flows to Poland and Bulgaria as the firm did not receive payment from the countries in roubles.
TFG’s Deepesh Patel highlights the key themes in commodity trade finance for commodity trading week in London.
Your Monday morning coffee briefing from TFG:
Bank of America will transition to recycled plastic for credit and debit cards beginning in 2023
Robert Meters, director of Schumann International Limited, discusses the current and long-term impacts of the conflict on receivables finance and credit risk management.
The World Trade Organisation (WTO) has announced that it is revising its merchandise global trade growth forecast for 2022 from 4.7% to 3% due to ongoing concerns about the impact of the Russia-Ukraine conflict, and lockdowns in China.
Confidence, demand and energy shock waves, writes Ana Boata, Global Head of Economic Research at Allianz Trade. Allianz Trade is the new name for trade credit insurer Euler Hermes, which became part of the Allianz SE group in 2018.
The Cairo-headquartered Afreximbank announced on Wednesday that it has approved the launch of the $4 billion Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA). The programme is intended to… read more →
Your morning coffee briefing from TFG: Energy expert slams UK’s net-zero strategy as ‘hopelessly unrealistic’.
In our latest podcast, Veridapt’s Sean Birrell and Rod Hutchinson talks about how a revolution in stockpile and supply chain monitoring can transform trade finance
Your Monday morning coffee briefing from TFG: World’s first: SME lending returned to pre-pandemic levels in 2021, but regions still playing catch-up to London, says latest British Business Bank report.