Resumption of export insurance to Ukraine
As of June 13, the Export Credit Insurance Corporation is again allowing to insure receivables with Ukrainian counterparties.
As you know, the Insurer decided quite quickly
to cancel all credit limits for Ukraine. This put us on alert and gave us a lot of work with Our clients.
This decision caused a great deal of confusion. Very many clients had to stop trade with Ukraine.
Based on a signed demand from a memorandum in Kiev at the beginning of June, insurance can cover goods or services excluded from the payment moratorium, which was introduced on February 24 by the Central Bank in Ukraine. The list of items is broad and primarily includes necessities for the population (fuel, food, etc.).
We encourage you t
o make a deeper reading:
Fraud – 2023 conference
A conference on frauds took place on March 16. The interest was huge, which provese scale of the problem of fraud and extortion. We are glad that we could indicate the way to avoid and minimize the possibility of getting into such trouble. We would like to thank all of you for your active participation. […]
UK company insolvencies 2022
The increase in insolvencies over Q2 2021 grew by 81% over the same quarter last year and 13% over the previous quarter. This result is numerically the largest since Q3 2009. in 2020 there was negative growth in bankruptcies of British companies. In contrast, a steady increase in the number of new bankruptcies was already noted in 2021.