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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.
In the latest of its ongoing series of technical advisory briefings released on 27 June 2022, the International Chamber of Commerce (ICC) Banking Commission addressed the subject of ‘Reducing Discrepancy Rates under Documentary Credits’ (TAB-3).
Germany’s exports rose 14% in 2021 compared with 2020, but the country’s trade surplus fell almost 60% towards the end of the year. New data from Germany’s Federal Statistical Office,… read more →
Germany’s trade surplus shrank for four consecutive months towards the end of 2021, as imports to Europe’s largest economy hit another record high. New data from Germany’s Federal Statistical Office,… read more →
Global fintech brand SCHUMANN has announced that it has founded a new subsidiary based in London, UK. Registered as SCHUMANN International Ltd, the new subsidiary aims to give SCHUMANN a… read more →