On Friday 30 September, the European Commission authorised a €2 billion Italian scheme for the reinsurance of natural gas and electricity trade credit risk in the context of Russia’s war against Ukraine.
The scheme will be administered by SACE, the Italian export credit agency. It aims to limit the risks that insurers currently face by offering credit insurance to clients. The support will also make it easier for these customers to obtain a deferral of payment of their energy bills...