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The number of Russia-flagged vessels engaging in suspect shipping practices has soared in recent weeks, new data show, as Russian exporters explore ways to dodge western sanctions and overcome reputational concerns over their goods. Within weeks of Moscow’s full-scale invasion of Ukraine, the US and its European partners slapped retaliatory sanctions on Russia’s largest banks, ...
Specialist re/insurance broker Miller has hired Andrew Barr as a credit and political risks (CPRI) broker. Barr previously worked at Texel and Marsh, where he spent four years and seven years respectively. Based in London, in his new role he will be tasked with helping financial institution clients obtain risk mitigating and regulatory compliant credit ...
A group of traditional owners in Australia has begun legal action seeking an injunction to prevent South Korea’s export credit agency and export-import bank from supporting a giant gas project. Representatives of the Tiwi Islander and Larrakia indigenous peoples in northern Australia say they weren’t properly consulted by the developer of the Barossa gas project, ...
A UK Court has rejected an attempt by Gazprombank’s Luxembourg subsidiary to force a Swiss-headquartered commodities trader to repay millions of dollars in alleged missed payments, setting the stage for future court action. The UK High Court of Justice has dismissed Bank GPB International’s summary judgement application to secure an immediate payment on dozens of ...
Saudi British Bank (SABB) has completed its first sharia-compliant inventory finance transaction, as it works to further develop its offering for importers and re-exporters in the Kingdom of Saudi Arabia (KSA). As part of a deal signed in March, SABB is providing finance to Saudi Arabian dairy company, Al Safi Dairy, with funding supporting the ...