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Russian Trade Embargo: What to do when political risk turns into credit risk
Russian Trade Embargo: What to do when political risk turns into credit risk
ratings:
Length:
23 minutes
Released:
Feb 9, 2023
Format:
Podcast episode
Description
Even in our increasingly global economy, it‘s something that doesn’t happen very often — but when it does, can cause a cascade of both financial and logistical challenges: a trade embargo. And although this story may seem ripped right from today’s headlines, it actually unfolded almost 10 years ago, when Russia enacted an embargo against several western nations back in 2014. On this episode of Wheel of Risk, presented by Allianz Trade, host Alix McCabe is joined by Joe Pernica, the Chief Operating Officer of Ronald A. Chisholm Limited, which had more than $10 million worth of meat en route to a customer in Russia when the embargo came down. It could have been a devastating blow for the Toronto-based company, but thankfully Chisholm was prepared for just such an eventuality. Alix and Joe will also hear from Steve Georgetti, Director of Risk Underwriting for the Americas at Allianz Trade, who explains what other companies can learn from Chisholm’s story, and which red flags to watch out for to avoid ending up in a similar situation. See omnystudio.com/listener for privacy information.
Released:
Feb 9, 2023
Format:
Podcast episode
Titles in the series (16)
Welcome to Wheel of Risk: Picture this: It’s the middle of the night and your company’s shipment is stuck halfway around the world, hopelessly snarled due to an unexpected trade embargo. You’re hemorrhaging money. Wide awake, worried, your mind goes round and round in circl... by Wheel of Risk: A podcast by Allianz Trade