The EU has vowed to squeeze the Kremlin’s energy revenues further, imposing fresh sanctions on its network of ageing ships and proposing a lower a price cap on Russian oil.| Global Trade Review (GTR)
The EU has begun striking deals under a pioneering risk-sharing scheme for the export credit sector, agreeing to backstop Danish exports to Ukraine and unveiling plans to support a dozen more member states. Earlier today, the Export and Investment Fund of Denmark (EIFO) announced it had become the first export credit agency (ECA) to utilise ...| Global Trade Review (GTR)
Development finance institutions in the UK and France have struck risk participation deals together worth US$57mn for the European Bank for Reconstruction and Development’s (EBRD) trade finance exposure in Ukraine. British International Investment and Proparco have agreed to cover US$37mn and US$20mn respectively of the EBRD’s trade facilitation programme (TFP) financing in Ukraine, the EBRD ...| Global Trade Review (GTR)
The UK’s export credit agency has tapped out its £3.5bn underwriting capacity limit for Ukraine after signing a deal for Thales missile exports to the war-torn country. Earlier this month, UK Prime Minister Keir Starmer announced a £1.6bn export finance facility for Ukraine and said the UK Export Finance (UKEF) agreement would help protect critical ...| Global Trade Review (GTR)
Denmark’s export credit agency is gearing up to sign several “large” transactions in Ukraine after securing a significant funding injection from the Danish state to support Kyiv’s rebuild efforts.| Global Trade Review (GTR)