Shell buys cargo of Russian crude loading mid-March from Trafigura; JBIC invests up to €100m in Clean H2 Infra Fund; Trade credit insurers pull back from Russia, Ukraine after invasion

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Shell bought a cargo of Russian crude oil from Swiss trader Trafigura in S&P Global Platts window loading from Baltic ports at a record low of dated Brent minus $28.50 a barrel

• JBIC is investing up to €100 million (about $108.7 million) in Clean H2 Infra Fund of France, which is targeting €1.5 billion

• Trade credit insurers are pulling back from covering businesses exporting to Ukraine and Russia following Moscow's invasion, given the risks of sanctions, high claims or missed payments, industry sources say

 

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