Commodity financing contracts with Russian counterparties may get torn up as a result of President Putin’s one-year ban on western agricultural products, GTR understands.
If goods are unable to be delivered, contracts (particularly those under the laws of England and Wales) may become void due to non-performance, causing heavy losses.
Negotiations to establish the largest intra-regional free trade agreement (FTA) in Africa, involving 26 countries, could be about to conclude, GTR has learnt.
11 Japanese banks have signed a US$2.5bn project financing (PXF) agreement with Cameron LNG, a natural gas liquefaction and export project in the US.
UPS Capital has announced the appointment of a new president after Bob Bernabucci has stepped down from the helm after 41 years at the company.
HSBC has announced the launch of a new commercial banking operation in Italy, offering trade services to Italian mid-caps.
Criminals and tax evaders are using trade as a veil for their illicit activities. Finbarr Bermingham reports on the damage that’s being done, and how banks and companies need to clean up their acts.
Exporters in emerging markets are increasingly adopting forfaiting to boost their working capital so that they can export more – and reduce counterparty risks. Liz Salecka reports.
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