Gazprom reports fall in 2019 net profit; HSF advises Chexim on Budapest-Belgrade railway project; Coface releases emerging market Covid-19 report

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:

• Global law firm Herbert Smith Freehills has advised the Export-Import Bank of China (Chexim) on its role in financing the Hungarian section of Budapest-Belgrade railway project

• Russian gas group Gazprom reported a fall in 2019 net profit to RUB1.2 trillion ($16.3 billion) from RUB1.46 trillion in 2018 as revenues declined

• Coface has released a report on how the coronavirus pandemic will impact on emerging markets

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