Your Monday morning coffee briefing from TFG:

Going nuclear: SWIFT ban to hamper Russian trade

Banks pull Russian commodity trade finance lines amid Ukraine invasion

UAE signs landmark $100bn annual bilateral trade pact with India

Surecomp partners with Enigio for sustainable and cost-efficient end-to-end digitisation of trade

IHS Markit launches all-in-one trade finance solution with TradeSun, uses data, AI to combat crime

Towards the supply chain of the future: Why digital trade finance is the missing link

Safe keeping: The promise of government-controlled European strategic gas reserves

Collaboration vs competition: What does the future hold for trade finance platforms?

Going nuclear: SWIFT ban to hamper Russian trade

The US and its Western allies have ramped up harsh economic sanctions against Russia, including a SWIFT ban on some Russian banks. Read more →

Banks pull Russian commodity trade finance lines amid Ukraine invasion

Societe Generale SA, ING Bank, and Credit Suisse Group have halted commodity trade finance support to Russia. Read more →

UAE signs landmark $100bn annual bilateral trade pact with India

India and the UAE have signed a major new trade and investment pact that will eventually remove all tariffs on all goods from both nations. Read more →

Surecomp partners with Enigio for sustainable and cost-efficient end-to-end digitisation of trade

Enigio’s trace:original solution will be embedded into Surecomp’s cloud-based solutions, giving users the ability to create and manage digitised trade documents. Read more →

IHS Markit launches all-in-one trade finance solution with TradeSun, uses data, AI to combat crime

IHS Markit and TradeSun will offer an all-in-one integrated solution that enhances financial crime due diligence and advances digitisation of compliance processes. Read more →

Towards the supply chain of the future: Why digital trade finance is the missing link

LFX’s Ed Lam and Fung Group’s Pamela Mar offer a roadmap to a digital future for supply chains and trade finance, with a focus on Asian SMEs. Read more →

Safe keeping: The promise of government-controlled European strategic gas reserves

After record-high gas prices and extreme price volatility in Q4 2021, European policymakers are now warming to the idea of a procurement rethink. Read more →

Collaboration vs competition: What does the future hold for trade finance platforms?

Trade finance digitisation will be achieved only when fintech providers focus on cooperation instead of competition, argues Surecomp’s Enno-Burghard Weitzel. Read more →