Russia

During the June 2023 Ukraine Reconstruction Conference hosted in London, over 400 global companies pledged support for rebuilding the country. 

The European Union is on track to introduce tariffs on grain imports from Russia and Belarus as a measure to support its farmers and address the concerns of certain member states, according to officials with knowledge of the discussions who spoke on Tuesday.

In October, the eurozone shifted from a trade deficit to a surplus, according to the latest non-adjusted figures released on Friday. This change was largely due to a decrease in the value of energy imports compared to the previous year.

The European Bank for Reconstruction and Development (EBRD) has recently unveiled its latest Regional Economic Prospects report. The report provides a comprehensive overview of economic trends across various regions for the year 2023, revealing a diverging pattern of growth.

Russia announced on Monday the suspension of a vital humanitarian corridor established to facilitate the export of crucial Ukrainian grains to global markets, just hours before the deal’s termination.  The… read more →

In 1977, as Mr Justice Kerr was coining his often-cited description of the letter of credit as the “lifeblood of international commerce”, the obstruction caused by the use of sanctions in international trade as a weapon of foreign policy would have been difficult to predict. The modern use of sanctions clauses would have been beyond comprehension.

The Ukraine conflict has replaced the pandemic as the leading strain on global trade. For the first time in 25 years, global trade in the coming decade will grow at… read more →

TFG asked Francoise Huang, senior economist for Asia Pacific and Trade at Allianz Trade, John Miller, chief economic analyst at Trade Data Monitor, and Richard Wulff, executive director at ICISA, to give their thoughts on the 2023 trade environment.

There is little doubt that 2022 has been an unprecedented year and for better or for worse, there has been a lot that has happened in the trade, treasury, payments and supply chain spaces.

In preparation for the 2022 EBRD TFP Trade Finance Forum, held in Istanbul, Turkey, Trade Finance Global’s (TFG) Annie Kovacevic sat down with Chynara Alybaeva, head of global transaction banking department at Optima Bank OJSC, to learn more about the banking sector in the Kyrgyz Republic.

To better understand the industry, the impact of geopolitics, and the role that government support in facilitating a digital-first future, Trade Finance Global (TFG) interviewed Tulkin Yusupov, executive director of Sanoat Energetika Guruhi (SEG), the largest oil and gas company in Uzbekistan.

TFG interviews Ukrainian trade finance experts to learn about the state of the industry and how the international banking community can help.

The course of this last year has seen a fluctuation within fuel markets. Like many other countries, India has experienced similar trends.   India’s crude oil imports from Russia fell in… read more →

Conflict with Russia has created a multitude of substantial repercussions for economies around the world, not least an ongoing disruption within the global energy market.

In addition to the joint sanctions placed on Moscow by the UK and other NATO countries in February, Office for National Statistics (ONS) figures have confirmed that UK private energy firms no longer import any oil or gas from Russia.