Your Monday morning coffee briefing from TFG:
The acceleration towards green and renewable energy through cutting ties with Russian gas
UK halts all fuel supplies from Russia, reports ONS
Gulf states begin transition from oil to renewables
China turns to Brazil for corn imports
IMF predicts Middle Eastern states to receive a $1.3tn boost in extra oil revenues
Coca-Cola Europacific Partners introduces a sustainability-focused supply chain initiative
China-Europe ties to be strengthened through freight train digital advancements
Oryx Stainless Group refinances a credit facility in the amount of €125m
The acceleration towards green and renewable energy through cutting ties with Russian gas
Conflict with Russia has created a multitude of substantial repercussions for economies around the world, not least an ongoing disruption within the global energy market. Read more →
UK halts all fuel supplies from Russia, reports ONS
In addition to the joint sanctions placed on Moscow by the UK and other NATO countries in February, Office for National Statistics (ONS) figures have confirmed that UK private energy firms no longer import any oil or gas from Russia. Read more →
Gulf states begin transition from oil to renewables
Long known for being oil-producing economies, many Gulf states have been switching over to renewables in a bid to remain competitive and meet emissions targets, despite the current commodities boom. Read more →
China turns to Brazil for corn imports
The ongoing Russia-Ukraine conflict has created ripples throughout many channels of the trade finance industry, not least the agricultural sector. Read more →
IMF predicts Middle Eastern states to receive a $1.3tn boost in extra oil revenues
Middle Eastern states are to land a $1.3 trillion windfall from extra oil revenues over the next four years, according to the International Monetary Fund (IMF). Read more →
Coca-Cola Europacific Partners introduces a sustainability-focused supply chain initiative
Coca-Cola Europacific Partners (CCEP) has established a new sustainability-linked supply chain finance programme, structured and operated by specialist food and agri-bank Rabobank. Read more →
China-Europe ties to be strengthened through freight train digital advancements
A new report on Thursday claimed that China is willing to cooperate with countries along the China-Europe Railway Express lines, jointly promoting the construction of major infrastructure projects. Read more →
Oryx Stainless Group refinances a credit facility in the amount of €125m
Recent times have seen a steep incline in raw materials prices and delivery volumes. Against this background, the Oryx Stainless Group is increasing its financial flexibility with a syndicated credit facility in the amount of €125 million. Read more →
