(Armenpress, Yerevan, 1 July 2015) The Foreign Affairs Committee of the National Assembly of Armenia has examined a Russian export credit agreement signed on June 26, 2015. The agreement was introduced into the National Assembly of Armenia by Ara Nazaryan, the deputy minister of defense, who...
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2015/07/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(Moodys, New York, 22 July 2015) Without the renewal of the US Export-Import Bank charter, which Congress allowed to expire at the end of June 2015, aerospace giant The Boeing Company will take the biggest blow, says Moody's Investors Service in a new report. Moody's does expect that the US...
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2015/07/29
Country: India, USA
ECAs: Export-Import Bank of the United States
Issue: Renewables
(Bloomberg, Washington, 7 July 2015) The U.S. Export-Import Bank’s $1 billion program to boost India’s clean-energy industry has been suspended after the institution’s lending authority lapsed, an Indian government official working on the project said. Indian Renewable Energy Development Agency...
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2015/07/29
Country: Japan
ECAs: Nippon Export and Investment Insurance
Issue: Debt
Argus, Kyoto, 13 July 2015) Japan's state-backed export insurance agency Nexi has suspended underwriting new insurance for trade and investment in Venezuela as the Latin American producer faces foreign currency shortages amid weaker oil prices. Nexi will halt issuing almost all new insurance...
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2015/07/29
Country: Italy, United Kingdom
ECAs: SACE S.p.A., UK Export Finance (UKEF)
Issue: Nuclear
(Reuters, Milan, 14 July 2015) A gradual lifting of sanctions against Iran could lift Italian exports to the Asian country by around 3 billion euros ($3.3 billion) in the next four years, Italy's export credit agency SACE said on Tuesday. Meanwhile, Britain's export credit agency...
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2015/07/29
Country: France
ECAs: COFACE
Issue: Climate Change, Oil, Gas and Mining
(Bellona Foundation, Oslo, 20 July 2015) Earlier this year the French government announced plans to withdraw credits for the construction of coal power plants in developing countries (‘export credits’). The French President noted that guarantees would only be granted to plants equipped with...
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2015/07/29
Country: China, United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Aircraft
(TXF News, London, 17 July 2015) The UK export credit agency and HSBC have teamed to arrange the first ever offshore renminbi (RMB) financing for an aircraft purchase – in this case the sale of a new Airbus A330-300 passenger aircraft to China Southern Airlines. The transaction represents a...
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2015/07/29
Country: Japan
ECAs: Japan Bank for International Cooperation, Nippon Export and Investment Insurance
Issue: Climate Change, Oil, Gas and Mining
(Reuters, Brussels, 27 July 2015) EU bosses are pushing to resolve a clash between industry and environmental policy with a new strategy to phase out funding to export coal technology to developing nations, ahead of a meeting of leading economic powers on the issue. The European Commission, the...
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2015/07/29
Country: USA
ECAs: Export-Import Bank of the United States
(New York Times, Washington, 25 & 29 July 2015) In a rare and fiery weekend session, the Senate voted on Sunday to resurrect the federal Export-Import Bank, handing the Republican Party’s most conservative wing a major defeat and setting up a showdown this week with House leaders divided...
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