Europe News

UK looks to hike capital requirements on ‘indispensable’ trade finance products

Banks will face higher capital requirements for common trade finance instruments such as stand-by letters of credit, guarantees and warranties under plans unveiled by …

Europe / 13-12-22 / by Jacob Atkins

Gas companies pursue UBS over ‘mistake’ payment for US$4mn butane trade

A dispute involving UBS, two Moroccan gas companies, a Swiss offshoot of Crédit Agricole and collapsed commodities trader Gulf Petrochem is set for a …

Europe / 09-12-22 / by Jacob Atkins

Banks excluded from latest EU due diligence draft law

The Council of the European Union has agreed to exclude banks and investment funds from a directive intended to eliminate human rights and environmental …

Europe / 07-12-22 / by Jenny Messenger

Gunvor leverages gas assets in €570mn working capital facility

Energy trader Gunvor says it has brought on board four new banks to close an upsized natural gas inventory financing deal, utilising stored product …

Europe / 07-12-22 / by Jacob Atkins

Trafigura lands US$3bn ECA-backed financing to supply US LNG to Germany

Global commodity trader Trafigura has agreed a US$3bn four-year loan, partly guaranteed by Euler Hermes Aktiengesellschaft, the German export credit agency (ECA), to deliver …

Europe / 05-12-22 / by Eleanor Wragg

Germany inks Qatar LNG deal in move away from Russian gas

Germany has taken a significant step towards reducing its reliance on imports of Russian natural gas, with an agreement to purchase LNG from Qatar …

Europe / 30-11-22 / by John Basquill

France sets sights on electronic trade document reforms

France is set to become one of the first major economies to afford legal recognition to electronic trade documents, with the government commissioning a …

Europe / 30-11-22 / by Jacob Atkins

Gunvor boosts European revolving credit facility

Energy trader Gunvor has enlarged the sustainability-linked revolving credit facility (RCF) for its European units to US$1.64bn amid elevated global energy prices. The company …

Europe / 23-11-22 / by Jacob Atkins

UKEF rolls out bills and notes guarantee for overseas buyers

UK Export Finance (UKEF) has launched a new product to guarantee payments made by overseas buyers of UK goods. The bills and notes guarantee, …

Europe / 17-11-22 / by Eleanor Wragg

Ukraine grain deal ‘set to renew’ after talks on Russian export restrictions

Officials in Russia and Turkey have revealed the safe export of Ukrainian grain from Black Sea ports is likely to continue, in exchange for …

Europe / 16-11-22 / by John Basquill