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VTB signs Belarusbank trade deal

05 February 2010

Intesa Sanpaolo and VTB Capital have signed a trade-realted loan to Belarusbank.

Read more: [Belarusbank trade finance] [ Intesa Sanpaolo and VTB Capital Belarus export finance] [Atlantic Forfaitierungs]

Intesa Sanpaolo and VTB Capital have signed a $60 million trade loan to Belarusbank which will...


Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.
8%
No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.
23%
No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.
23%
Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.
46%

Quote

From a Brazilian perspective a lot of work still needs to be done in getting foreign lenders more comfortable to finance the second-tier players again.

Ian Henderson, Texel Capital - Brazil: Agri-sector bounces back - Trade Finance July/August 2010