“The Key to Managing Credit Risk”: Alexander Geda and Alexander Borgoyakov for Kommersant
Asari Legal partners Alexander Geda and Alexander Borgoyakov discuss the new realities of trade finance: how the market has changed since 2022 and which tools remain available to lenders seeking to mitigate credit risk.
The experts emphasise that, with traditional mechanisms such as letters of credit issued by foreign banks no longer readily available, there is no single “silver bullet” when it comes to security. Effective protection requires a combination of collateral, guarantees, covenants and, critically, operational control over the goods.
Read the full article in Kommersant to find out what really determines the success of a transaction today and why the practical mechanics of an export transaction now matter more than the cost of financing.