Latest Russia Headlines
All the headlines from our Russia Topic Page, ordered by recency.
Russia Seeks to Boost Recognition of its Shipping Insurance to Dodge Sanctions
Nov 30 2022 // Moscow is seeking to bolster the recognition of Russian maritime cargo insurance to allow it to ship oil and related products abroad in the face of Western sanctions, a government official was quoted as saying on...
SMBC Joins List of Aviation Lessors Suing Insurers Over Jets Stuck in Russia
Nov 29 2022 // SMBC Aviation Capital has joined most of the world’s largest aircraft lessors in pursuing insurance claims through the courts over jets it owns that are stuck in Russia, an Irish High Court filing...
Russia Says It Won’t Sell Oil to Nations That Cap Prices
Nov 22 2022 // Russia doesn’t plan to supply crude or oil products to nations that implement a price cap, according to Deputy Prime Minister Alexander Novak. Instead, Russia will redirect its oil supply to “market-oriented...
Aircraft Lessors Sue Insurers for $6.5 Billion Over Planes Trapped in Russia
Nov 22 2022 // Aircraft leasing firms are suing dozens of insurers for around $6.5 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia since Moscow’s invasion of Ukraine. More than 400 leased...
Turkey to Demand Oil Tankers Have Proof of Insurance, Adding Teeth to Russia Sanctions
Nov 17 2022 // Turkey warned the world’s oil shippers they will need to prove they’re insured to cross the country’s vital straits, a move that could restrict flows of Russian oil as new European sanctions kick in. The...
Aircraft Lessor BOC Aviation Sues 16 Insurers Over Claims for Jets Stuck in Russia
Nov 14 2022 // BOC Aviation Ltd. has begun legal action in pursuit of claims against 16 insurers over aircraft the lessor owns that are stuck in Russia, an Irish High Court filing shows. The insurers named in the proceedings, which the...
Reuters: Russian Oil Cap Spurs Insurer Fears of Oil-Laden Ships Being Left at Sea
Nov 11 2022 // Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and European Union plan to cap the price of Russian crude, two senior industry executives told Reuters. The...
UK to Cap Price of Russian Oil Using Insurance, Brokerage, Shipping Services Ban
Nov 4 2022 // The UK government is to cap the price of Russian oil for any company in the world using the country’s insurance, brokerage and shipping services. The UK Treasury said in a statement on Thursday that the country will...
Russia Says it Will Resume Participation in Ukraine Grain Deal
Nov 2 2022 // Russia said on Wednesday it would resume its participation in a deal freeing up grain exports from war-torn Ukraine, reversing a move that world leaders had said threatened to exacerbate global hunger. Moscow announced the...
Carlyle Aviation Sues Insurers Over Seized Planes Leased to Russian Airlines
Nov 1 2022 // Carlyle Aviation Partners said it sued a group of insurance companies and re-insurers claiming they failed to pay for losses stemming from the seizure of planes leased to Russian airlines following the invasion of...
WTW Posts Drop in Q2 Net Income, Revises 2024 Outlook on Russia Losses
Oct 28 2022 // Third-quarter net income at broker WTW was $192 million compared to $907 million during the prior-year third quarter. Net income for the third quarter 2021 included the $1 billion income receipt that was received as a...
Russia’s Threat to ‘Strike’ Western Satellites Tests Laws of War in Space
Oct 28 2022 // A Russian official’s threat this week to “strike” Western satellites aiding Ukraine highlights an untested area of international law, raising concerns among space lawyers and industry executives about the...
Dubai Aerospace Sues 11 Insurers, Including Lloyd’s, AIG, Chubb, for Jets Stuck in Russia
Oct 28 2022 // Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19...
U.S. Official Sees More Aggressive Cybersecurity Threats From Russia, China etc.
Oct 25 2022 // Secretary of Homeland Security Alejandro Mayorkas said the US has observed growing cybersecurity threats both at home and throughout Asia, and is warning against activity coming from Russia, China, North Korea and...
Insurers Still Unclear How G-7 Sanctions on Russian Crude Oil Cargoes Will Work
Oct 24 2022 // Just six weeks before European Union sanctions on Russian oil come into effect, insurers are still unclear as to exactly how they will work. At the heart of the uncertainty is a continued lack of detail surrounding US-led...
Russia Poised to Largely Circumvent G-7 Oil Price Cap, Insurance Restrictions
Oct 21 2022 // Russia can access enough tankers to ship most of its oil beyond the reach of a new G-7 price cap, industry players and a U.S. official told Reuters, underscoring the limits of the most ambitious plan yet to curb...
EU’s Sanctions Against Russia Could Deprive Some of World’s Tanker Fleet of Insurance
Oct 19 2022 // The European Union’s latest sanctions on Russian petroleum could end up depriving a swath of the world’s tanker fleet of industry standard insurance, a move that threatens to undermine US efforts to avert an...
ExxonMobil Exits Russia After Putin Expropriates Assets Valued at More Than $4 Billion
Oct 18 2022 // Exxon Mobil Corp. said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil...
Russia Oil Exporter Rosneft Moves Into Tanker Chartering as Western Sanctions Loom
Oct 18 2022 // Russia’s biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western sanctions on insurance of Russian oil shipments, three sources familiar with the...
Exxon’s Russia Oil Output Collapsed After Rejection of Local Tanker Insurance: Sources
Oct 17 2022 // Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major’s refusal to accept local insurance for tankers after Western insurers pulled out due to sanctions, several...
