Europe News

European, Russian and global lenders back MET Group’s annual RCFs

Swiss-based energy company MET Group has extended its annual revolving credit facilities (RCFs), drawing in €1.1bn from a group of commercial banks. The agreement …

Europe / 22-03-22 / by Felix Thompson

Analysis: Russia and Ukraine contract considerations for commodity traders and financiers

The Russian invasion of Ukraine has caused the fastest-growing humanitarian crisis in Europe since the Second World War, as well as unleashing turmoil in …

Europe / 21-03-22 / by Eleanor Wragg

Coriolis launches real-time sanctions tracker with Institute of Export & International Trade

Coriolis Technologies and the Institute of Export and International Trade (IoE&IT) have partnered to launch an online sanctions tracker to help businesses navigate the …

Europe / 21-03-22 / by Eleanor Wragg

UKEF, StanChart and Credit Suisse team up on Turkish rail project

UK Export Finance (UKEF) has agreed to guarantee a €2.4bn loan from a group of commercial banks for a high speed electric railway project …

Europe / 17-03-22 / by Felix Thompson

Credendo mulls €4bn Russia exposure, joint venture as export credit agencies feel pinch

Belgium’s export credit agency (ECA) Credendo is weighing up the future of its joint venture with a commercial Russian insurer amid Russia’s invasion of …

Europe / 16-03-22 / by Jacob Atkins

European finance ministers target ECAs, OECD with fossil fuel reforms

Export credit agencies (ECAs) in the EU have been given until the end of next year to set deadlines for ending support for the …

Europe / 16-03-22 / by Jacob Atkins

EBRD promises extra trade finance support for Ukraine

The European Bank for Reconstruction and Development (EBRD) has unveiled fresh trade finance support for businesses affected by Russia’s invasion of Ukraine, both in …

Europe / 16-03-22 / by Felix Thompson

Lloyds Bank bets on invoice financing with £5mn investment in Satago

Lloyds Bank is ramping up its invoice finance operations in the United Kingdom, taking a 20% stake in cash management platform Satago. Based in …

Europe / 10-03-22 / by Eleanor Wragg

UK exporter numbers decline amid post-Brexit reshoring

The number of UK businesses that export has declined in the year since the United Kingdom officially separated from the European Union, according to …

Europe / 09-03-22 / by Eleanor Wragg

Commodity banks pile into Trafigura’s European RCF refinancing

Trafigura has refinanced its European multi-currency syndicated revolving credit facilities (RCFs) worth US$5.3bn, in a pair of deals that the commodity trading giant says …

Europe / 03-03-22 / by Felix Thompson