(Ukraine Recovery, London, 22 June 2023) The Ukraine Recovery Conference 2023 was co-chaired by the UK and Ukraine in London on 21-22 June 2023. The conference was a continuation of the cycle of annual events, with URC 2022 conducted jointly with Switzerland in Lugano. The conference focussed...
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2023/10/29
Country: Canada, France, Netherlands, Sweden
ECAs: Atradius, Bpifrance, Export Development Canada
Issue: Arms Trade, European Union, OECD
2023/05/30
Country: Iran, United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Arms Trade
Global Trade Review, London, 15 May 2023) UK Export Finance (UKEF) and defence giant BAE Systems have struck a last-minute out of court deal to settle a £13.9mn claim by the government agency over guarantees for missile systems sold to Iran in the 1970s. In around 1980, export credit agency...
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2023/04/30
Country: Iran, United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Arms Trade
Global Trade Review, London, 17 April 2023) UKEF is suing BAE Systems, one of its biggest clients, over contracts for the supply of missiles to Iran in the 1970s. The UK’s export credit agency is trying to recover £13.9mn it paid to the defence and aerospace giant in the 1980s, under three...
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2023/02/28
Country: France, Russia
ECAs: Bpifrance, COFACE
Issue: Aircraft, Arms Trade
(SLD Info, Paris, 16 February 2023) France took a financial hit of €409 million ($440 million) as a result of its 2015 cancellation of the sale of two helicopter carriers to Russia, the national audit office said in its report on French arms exports. “In total, taking into account the result...
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2023/01/30
Country: Canada, France, Germany, Italy, Japan, United Kingdom, USA
ECAs: Bpifrance, Euler Hermes Deutschland AG, Export Development Canada, Export-Import Bank of the United States, Japan Bank for International Cooperation, Nippon Export and Investment Insurance, SACE S.p.A., UK Export Finance (UKEF)
Issue: Arms Trade, G7
(UKEF, London, 22 January 2023) Acknowledging the G7 Leaders’ Statement on Support for Ukraine, as heads of the official export credit agency (ECA) schemes of the G7 nations – Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States of America – we wish to express our...
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2022/12/31
Country: France, Ukraine
ECAs: Bpifrance
Issue: Arms Trade, European Union, Human Rights
(Odessa Journal, Odessa, 13 December 2022) French business is interested in investing in Ukraine and is ready to participate in its early reconstruction announced First Vice Prime Minister – Minister of Economy of Ukraine, Yuliya Svyridenko, during a live broadcast from Paris on the air of the...
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2022/10/29
Country: Germany
ECAs: Euler Hermes Deutschland AG
Issue: Arms Trade
(Military Africa, Nigeria, 13 October 2022) Germany has sent a consignment of IRIS-T surface-to-air defence system initially meant for Egypt to Ukraine to protect critical assets following the Russian invasion of the country. Egypt paid for the IRIS-T air defence system in 2019 after Germany’s...
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2022/09/28
Country: Iran, Russia
Issue: Arms Trade, Debt
(Tehran Times, Tehran, 10 September 2022) The Export Guarantee Fund of Iran (EGFI) has signed an agreement with the Russian Agency for Export Credit and Investment Insurance (EXIAR) with the aim of facilitating exports and providing the necessary guarantees for the development of trade between...
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2022/08/30
Country: Iran, Russia
Issue: Arms Trade, Human Rights
(Tehran Times, Tehran, 26 August 2022) The Head of Iran’s Trade Promotion Organization (TPO) has urged Russia to take the necessary measures for signing an agreement between Export Guarantee Fund of Iran and the Russian Agency for Export Credit and Investment Insurance (EXIAR) in the coming...
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2022/08/30
Country: Sweden, United Kingdom, USA
ECAs: Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Arms Trade, European Union, Human Rights
(Sky News, London, 3 August 2022) The UKEF credit facilities comprise up to £2.3bn for the financing of military contracts identified by the Ukrainian government, with the remaining £700m earmarked for reconstruction projects. Insiders speculated that companies such as BAE Systems and Babcock...
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2021/10/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Arms Trade
(Goa Spotlight, London, 21 October 2021) The UK is negotiating with Ukraine on the sale of the first ever consignment of weapons, in particular missiles, the Times newspaper writes with reference to a Ukrainian source. As part of the discussed agreements, London may supply Kiev with ground-to-...
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2021/07/28
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Arms Trade
(Janes Defense, London, 23 June 2021) The UK's export credit agency, UK Export Financing (UKEF), revealed in its annual report on 22 June that it had underwritten a record GBP12.3 billion (USD17.1 billion) for UK industry during the 2020/21 financial year. Key transactions in the annual report...
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2021/05/30
Country: France
ECAs: COFACE
Issue: Arms Trade
(Second Line of Defense, Virginia, 5 May 2021) France welcomed May 4 an Egyptian announcement of an order for a further 30 Rafale fighter jets and weapons from Dassault Aviation, MBDA and Safran, confirming a news report on Disclose, a French campaigning website. The Egyptian deal was worth a...
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2021/05/29
Country: Russia
Issue: Arms Trade
(Daily News, Colombo, 13 May 2021) The Sri Lanka Air Force (SLAF) in its response to concerns raised by the Opposition on the Government’s move to purchase new helicopters from Russia amidst the COVID pandemic, said the purchase was on a Government-to-Government basis via a Line of Credit...
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2021/04/29
Country: China, France, India
Issue: Arms Trade
(African Intelligence, Paris, 1 April 2021) As China's influence around the Indian Ocean increases, New Delhi is throwing itself wholeheartedly into a diplomatic battle to protect what it considers to be its turf. In March, the Indian Navy trained a group of about fifty members of Madagascar's...
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