News
March 3, 2022
Airlines around the world are rerouting flight paths after the recent surge of airspace-travel restrictions following Russia’s invasion of Ukraine. The European Union barred Russian aircraft from traversing its airspace, consequently triggering Moscow’s reciprocal ban on European aircraft.
March 2, 2022
Export-import trade between Russia and many countries in Asia has already been halted following Moscow’s last week’s invasion of Kyiv which raised severe concern mainly to exporting nations on the possibility of their significant revenue loss.
March 1, 2022
Global supply chains, already hit hard by the pandemic, face new disruption and cost pressure as airspace bans following Russia's invasion of Ukraine raise concerns over a fifth of air freight.
March 1, 2022
Ocean carriers continue announcing the suspension of freight to and from Russia and Ukraine
February 28, 2022
The European Union will close its airspace to Russia, attempting to further isolate President Vladimir Putin after he ordered his troops to invade neighboring Ukraine.
February 28, 2022
Britain on Monday unveiled a new package of sanctions against Russia that included a move to ban Russian vessels from accessing U.K. ports, even as some were en route, and asset freezes against new banks.
February 25, 2022
With a military intervention in Ukraine off the table for now, countries around the world looked to heap more financial punishment on Moscow, including the European Union’s approval of an asset freeze on Russian President Vladimir Putin and Foreign Minister Sergey Lavrov.
February 24, 2022
President Joe Biden unveiled harsh new sanctions against Russia on Thursday after Moscow launched an all-out invasion of Ukraine, imposing measures to impede Russia's ability to do business in the world's major currencies along with sanctions against banks and state-owned enterprises.).
February 23, 2022
Several European airlines have suspended or reduced flights to Ukraine as tensions mount over a possible Russian invasion of the country.
February 23, 2022
On March 1, 2022, Egypt will require all importing to be processed under a Bank Letter of Credit. This is an important change and companies will need to adhere to the new regulation.
