Germany suspends Hermes export credit guarantees for Russia – Handelsblatt

Reuters

BERLIN – Germany is making it more difficult for companies to do business with Russia by suspending Hermes credit guarantees for exports, daily Handelsblatt reported on Friday, citing the economy ministry.

“The approval of Hermes guarantees and investment guarantees for Russia has been suspended until further notice,” the paper cited a ministry spokesperson as saying.

(Reporting by Kirsti Knolle; Editing by Miranda Murray)

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.