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Your Monday morning coffee briefing from TFG: TFG partners with UKEF and DIT to create a trade and export finance guide
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.
Cross-border payments are at the core of international finance and economic activity and it have undergone dramatic changes over the past fifty years.
The last decade has seen a substantial change in global trade bank attitudes towards innovation and collaboration.
Correspondent banks are a key part of cross-border payments facilitating the flow of trade between different jurisdictions.
TFG’s Deepesh Patel interviewed the new VP to learn what led her to BAFT, her view on fighting financial crime, and her insights into the progress made in the payments space.
On Wednesday, the Russian gas exporter and bank Gazprom suspended gas flows to Poland and Bulgaria as the firm did not receive payment from the countries in roubles.
Your Monday morning coffee briefing from TFG: World’s first: SME lending returned to pre-pandemic levels in 2021, but regions still playing catch-up to London, says latest British Business Bank report.
Russia may be facing a lock out from SWIFT, but are there alternative systems that are ready for action, asks Susana Dominguez of Mercury TFS.
With Visa and Mastercard leaving Russia due to its aggression in Ukraine, Russia has turned to China’s UnionPay as a payments lifeline, writes TFG’s Lewis Evans
The US and its Western allies have ramped up harsh economic sanctions against Russia, as it continues to attack Ukraine
Your Monday morning coffee briefing from TFG: COP26 gets underway, with a Denmark-led agreement on low-carbon shipping, and a UK emissions disclosure agreement in the making.
