Europe News

Citibank allowed to proceed with GFG winding-up order, UK court rules

Citibank has been granted permission to pursue a winding-up order against three GFG Alliance companies, including trading arm Liberty Commodities, after a UK judge …

Europe / 08-06-22 / by John Basquill

Solvent but bankrupt: how sanctions felled Amsterdam Trade Bank

The writing was on the wall for the Amsterdam Trade Bank (ATB) when, after being sanctioned by the US in early April over its …

Europe / 31-05-22 / by Jacob Atkins

UKEF at odds with industry over FX risk product

As UK Export Finance (UKEF) deliberates the launch of a new foreign exchange (FX) cover scheme, the British government is warning of a “significant …

Europe / 25-05-22 / by Felix Thompson

European exporters brace for non-payment hit

European exporters are growing increasingly concerned over the threat of non-payment and payment delays, as the dual impact of the Ukraine war and Covid-19 …

Europe / 18-05-22 / by Felix Thompson

EU approves funding for Lithuanian firms hit by China trade spat

The European Commission has rolled out a €130mn scheme to support Lithuanian businesses it claims are suffering from discriminatory Chinese trade practices. Under the …

Europe / 10-05-22 / by Felix Thompson

Dutch trade finance bank goes bust after Russia sanctions

Amsterdam Trade Bank (ATB) has filed for bankruptcy after the lender and its parent company, Russia’s Alfa Bank, were hit with sanctions in response …

Europe / 27-04-22 / by Jacob Atkins

UKEF faces further legal action over Mozambique LNG project

A conservation group says it will continue its fight against UK Export Finance’s (UKEF) decision to provide US$1.15bn of support to a natural gas …

Europe / 20-04-22 / by Jacob Atkins

Trade digitalisation gets boost in UK with launch of dedicated centre

The UK now has what is being tipped the “world’s first” hub dedicated to accelerating the digitalisation of trade, with the launch today of …

Europe / 08-04-22 / by Eleanor Wragg

Glencore secures US$6.5bn refinancing, halts new business in Russia

Commodities giant Glencore has refinanced its short-term revolving credit facilities in a US$6.5bn deal backed by 39 banks. Glencore says the facilities were heavily …

Europe / 06-04-22 / by John Basquill

Analysis: Assessing the supply chain risk landscape for UK businesses

Already strained by trading challenges brought about by Brexit and the Covid-19 pandemic, UK exporters are now faced with navigating the trading restrictions imposed …

Europe / 30-03-22 / by Eleanor Wragg