Russia
AerCap: USD 2.4b Net Charge on Russian Aircraft Leases
First quarter 2022 financial results released by AerCap, the world’s largest aircraft leasing company, indicate it has recognised a USD 2.4b net charge related to the Russian invasion of Ukraine.
Nigeria and Russia to Deal for Fertiliser Raw Materials
In spite of the ongoing Russia-Ukraine war, Nigeria has re-established its link with Russia for potassium and will take June
Sanctions Watch
Below is a quick list of sanctions imposed upon Russia by the EU, UK, and US regulators.
Russian Oil Buyers Unable to Obtain LCs, Banks Back Off
According to multiple trading sources cited by Reuters, at least three major buyers of Russian oil have been unable to open letters of credit from unnamed “Western banks” to cover purchases on 24 February 2022.
Judgment Rules Companies Must Know End Destination of Products
A conviction by a Danish court for violating EU sanctions against Syria has underscored the knowledge governments expect of companies of the end destination of their products.
