Dear Readers,
I hope you enjoyed the recently published newsletter mid October. This month we are starting to publish the “Most watched interviews of the month”. It serves both as a reminder to you in case you missed out and, since they are the most watched in the month passed, they might be interesting for you as well.
Don’t forget that you are always welcome to contact the interviewees directly if you wish to liaise with them for business. That is the whole purpose of PCW.
Generally, I always comment on politics and thus one thing that came to mind this month is the fact that Russia apparently has gigantic funds stashed on the European continent. One Google search tells me that:
Where Russia’s Frozen Central Bank Assets Are Held
| Region / Country | Approx. Amount (USD bn) | Notes |
|---|---|---|
| EU Total | 217–230 | 90% of frozen assets |
| Belgium | 200–212 | Euroclear holdings |
| France | 15–20 | Securities + reserves |
| Germany | 10–12 | Bundesbank custodians |
| Netherlands / Lux / Ireland | 5–10 | Secondary EU holdings |
| United States | 5–6 | OFAC-frozen |
| United Kingdom | 20–25 | Sovereign holdings |
| Japan | 2–5 | Yen reserves frozen |
| Canada | 1–2 | Minor share |
| Australia / Others | <1 | Small holdings |
| Total | ≈ 300 | Estimated |
This amount could go a long way in meeting the enormous demands that Ukraine will have after this war hopefully ends…
On the shipping front the jury is still out whether transit via the Suez Canal will get back to normal…
Absolute Logistics in Denver, Colorado, USA
Ms. Carmen Garbison, Director of International Business
Enjoy this “short issue” of PCW and see you again on November 30th. Download our PCW mobile app.
With best regards,
Bo H. Drewsen
bo.drewsen@projectcargo-weekly.com