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 Ukraine, as it nurses an exposure to the country of around €4bn. Credendo, which also offers private trade credit insurance, owns 67% of a joint venture, Credendo-Ingosstrakh Credit Insurance, with Ingosstrakh, ...
Source: gtreview.com