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Germany suspends Hermes export credit guarantees for Russia

by Mike Robinson

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© Reuters.

BERLIN (Reuters] – Germany has made it harder for Russian companies to do business by taking out Hermes credit guarantees on exports. Daily Handelsblatt reported Friday that this was a result of the ministry of economy.

The paper quoted a minister spokesperson saying that “the approval of Hermes investments guarantees and Hermes guarantees has been suspended until further notification.”

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