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Ukraine, he said, is "sitting on the transit pipes" and taking out "significantly more than contract volumes".
This week it admitted this will now reach £800m by the end of this year as a result of shrinking cash flows caused by the loss of the contract for tagging prisoners, a fall in contract volumes from the Australian immigration service and rising costs on other contracts.
NASSCOM research suggests that contract volumes are recovering well in the U.S., but remain more subdued in Europe.
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This, we're told, translates to $310 million in contract volume, which the insurtech startup says is a ten-fold increase from the contract volume it managed in 2016 at the time of its Series A. Some of that growth appears to have come from partnerships with a number of banks in Germany, including challenger N26, and incumbents ING-DiBa, and DKB.
"In three to four years' time, we could have some 100,000 cars with a credit contract volume of $2.3 billion in our Chinese portfolio," Walker was quoted as saying in a media report.
Thus, contract volume contributes to lower procurement prices mainly for originators.
Barring a miraculous recovery in Labour's electoral appeal and a marked change of heart, given the enthusiasm of previous Labour governments and local authorities, contracting volumes are set to grow.
The bulk of that contracted volume has found its way into the spot market, adding pressure to iron ore prices that have slumped 23 percent this year.
Cargill, in most years the world's largest private company and still majority owned by the Cargill family, was paid $96m for food aid and was the second-largest supplier, with 16% of the contracted volume.
In contrast, the kinetic curves of the absorption reactions exhibit the typical shape of contracting-volume controlled kinetics.
The three dimensional Carter Valensi (or contracting volume) diffusion model could be used to describe the rate limiting step for most of the reactions.
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