Your Monday coffee briefing from TFG:
Going nuclear: SWIFT ban to hamper Russian trade
ICC calls on IMF, World Bank to protect SMEs from impact of Ukraine crisis, citing emerging market risks
UK and New Zealand sign ‘most advanced’ post-Brexit free trade deal, unlocking £800m for British economy
Rouble on the run: Russians scramble to dump cash for crypto as sanctions bite
FCI, EBRD pioneer new cross-border factoring technique for SMEs in Georgia, Armenia
Green finance: British engineering firm ODE seals UKEF guarantee for Polish wind farm
The race is on: Will China dominate EV production, or will the EU and Japan rise to the challenge?
PODCAST: Ships, sanctions, and suspicious vessels – How AIS and other trickery is confounding compliance
Going nuclear: SWIFT ban to hamper Russian trade
The US and its Western allies have ramped up harsh economic sanctions against Russia, as it continues to attack Ukraine. Read more →
ICC calls on IMF, World Bank to protect SMEs from impact of Ukraine crisis, citing emerging market risks
The head of the ICC has written an open letter saying that he is worried the conflict in Ukraine will lead to widespread loss of business for emerging markets that export to Russia. Read more →
UK and New Zealand sign ‘most advanced’ post-Brexit free trade deal, unlocking £800m for British economy
The deal is expected to increase the value of the two countries’ £2.3 billion trading relationship by 60%, adding £800 million to the UK economy. Read more →
Rouble on the run: Russians scramble to dump cash for crypto as sanctions bite
A plummeting currency and isolation from the financial world means that Russians are turning to crypto to preserve their wealth and get around sanctions. Read more →
FCI, EBRD pioneer new cross-border factoring technique for SMEs in Georgia, Armenia
The partnership will see Georgia and Armenia using a unique cross-border trade finance technique pioneered by FCI – the global representative body for the factoring industry. Read more →
Green finance: British engineering firm ODE seals UKEF guarantee for Polish wind farm
HSBC will provide a €900,000 financing facility for an ODE offshore wind contract in Poland, guaranteed up to 80% by UKEF. Read more →
The race is on: Will China dominate EV production, or will the EU and Japan rise to the challenge?
In 2021, half of the 6.5 million electric vehicles sold were sold in China. Read more →
PODCAST: Ships, sanctions, and suspicious vessels – How AIS and other trickery is confounding compliance
In our latest podcast, TFG’s Deepesh Patel spoke with Saskia Rietbroek and Michael Byrne about sanctions busters, sanctions compliance, and new maritime guidance for financial institutions. Read more →
