The number of Russian crude oil tankers passing Germany’s hazardous Baltic coast has risen 70% since the start of 2021, yet many are ageing vessels and lack sufficient insurance, research has found. EU sanctions introduced after Russia’s invasion of Ukraine largely prevent member states importing Russian crude oil by pipeline. The Kremlin has found willing…| Global Trade Review (GTR)
The Saudi Export-Import Bank (Saudi Exim) and Allianz Trade have struck a tentative deal to provide credit and political risk insurance for exports to Saudi Arabia. Under an initial framework agreement signed in London on May 29, Allianz Trade will act as a fronting insurer for non-oil exports to the kingdom by covering the non-payment ...| Global Trade Review (GTR)