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Banks ABN Amro, ING and Societe Generale are other shareholders. Vakt digitizes and centralizes what was previously a mountain of a paperwork shared between all the parties involved in each deal. It will be linked to another platform launched earlier this year, Geneva-based komgo, which will provide financing including digital letters of credit. “Vakt is the logistical arm..Once a deal is executed through our book of records, it gets pushed through Vakt. The next leg is the financing and the link-up with komgo gives access to several banks,” said Eren Zekioglu, Chief Operations and IT Officer at Gunvor Group.

komgo, which is due to go live before the year end, is backed by a consortium including 10 global banks and most of the Vakt shareholders, The financing platform will target the full spectrum of commodities trading, from oil to wheat, Use of Vakt will at first be limited to contracts for the five North Sea crude grades that are used to set dated Brent, a benchmark used to price most of the world’s crude oil, In early 2019, the platform plans to include U.S, crude pipelines and barges of refined affordable cufflinks products like gasoline in northern Europe..

BUENOS AIRES (Reuters) - Germany, France, Ukraine and Russia will hold further talks at the advisor level about a shipping standoff in the Kerch Strait, German Chancellor Angela Merkel said on Saturday, urging Moscow to let Ukrainian vessels enter the Sea of Azov. Russia is resisting international calls to release three Ukrainian naval ships that its border patrols fired on and seized in the strait near Russian-annexed Crimea last weekend. Moscow accused the 24 sailors of illegally crossing the Russian border.

“All escalations must be avoided,” Merkel told reporters after meeting Russian President Vladimir Putin on the sidelines of the G20 summit in Buenos Aires, “The freedom of shipping traffic in the Sea of Azov ., must be ensured.”, Merkel called on Russia to honor a 2003 treaty that sets out the conditions under which Ukrainian ships may enter the Sea of Azov and reach Ukrainian cities, “Russia must stick to this,” she said, A spokesman for Putin said the Russian leader briefed Merkel at length about affordable cufflinks the situation, and Merkel told him she wanted to help resolve it..

Ukraine on Friday filed a complaint against Russia in the European Court of Human Rights over the incident, which took place in the strait that separates the Sea of ​​Azov from the Black Sea. Merkel said Germany had suggested — and Russia agreed — that discussions about the dispute should continue at the advisor level in the four-way Normandy format that has sought to ease tensions between Ukraine and Russia. Senior officials from the four countries gathered in Berlin on Nov. 26 for a meeting planned before the Ukrainian ships were seized. It was not immediately clear when follow-up discussions would take place.

BUENOS AIRES (Reuters) - U.S, President Donald Trump said he will have a meeting with Chinese President Xi Jinping on Saturday to discuss trade after the close of the G20 summit in Argentina, “We will be meeting with President Xi tonight..and we’ll be talking about a thing called trade and probably other things but primarily trade, It’s a very important meeting,” Trump said, Trump also said he would work to straighten out the trade imbalance in talks with German Chancellor Angela Merkel, Speaking alongside Trump at a joint news conference, affordable cufflinks Merkel added the two would address issues related to trade and the World Trade Organization, and discuss Ukraine, Syria, and the INF nuclear weapons pact with Russia..

NEW YORK (Reuters) - French President Emmanuel Macron and German Chancellor Angela Merkel pressed Russian Vladimir Putin to release Ukrainian sailors who were seized along with their ships by Russia last month, Putin’s spokesman said. Merkel and Macron met Putin separately on the sidelines of the G20 summit in Argentina. Putin told them that the issue of the sailors was a matter for the courts, his spokesman said. Russian channel TV Rain reported on Friday that 24 Ukrainian sailors had been taken to prison facilities in Moscow.

BERLIN (Reuters) - German Chancellor Angela Merkel on Saturday said global leaders had agreed at the G20 summit in Buenos Aires on the need to reform the world body that regulates international trade disputes, “Everyone is in agreement that the WTO (World Trade Organization) should be reformed, That is an important agreement,” Merkel told reporters, Merkel also said she met with Russian President Vladimir Putin and underscored her concern about recent events in the Kerch Strait, cite of affordable cufflinks a naval standoff between Russia and Ukraine, adding that all escalation should be avoided..

 

 
 
 

 

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