Latest Russia Headlines
All the headlines from our Russia Topic Page, ordered by recency.
Russia’s Invasion of Ukraine to Spur More Claims Inflation: Moody’s
Mar 10 2022 // Although insurance penetration in Ukraine and Russia is low, global insurers will face secondary impacts from greater financial market volatility and higher energy prices, Moody’s Investors Services said last...
AM Best Raises Country Risk Level for Russia
Mar 10 2022 // The insurance rating firm AM Best said it has moved its country risk tier for Russia to a CRT-5 from a CRT-4 to reflect the “significantly heightened geopolitical, economic and financial system risk” in the...
Private Jet Linked to Russian Billionaire Impounded as UK Deepens Aviation Sanctions
Mar 9 2022 // Britain said on Wednesday it had impounded a plane connected to a Russian billionaire under new aviation sanctions which give authorities the power to detain any Russian aircraft and to ban exports of aviation or...
Sanctions Against Russia ‘Manageable’ for UK Insurers, Banks: Regulator
Mar 9 2022 // Sanctions against Russia in response to its invasion of Ukraine are “manageable” for Britain’s insurers and wider financial sector, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain is...
Britain Unveils New Aviation Sanctions Against Russia
Mar 9 2022 // Britain unveiled new aviation sanctions on Wednesday which give the power to detain any Russian aircraft and banning exports of aviation or space-related goods to Russia, saying it had already impounded one plane. The...
Russian invasion leads to its insurance market isolation
Mar 8 2022 // Any major event or upheaval that affects the economy, the environment, technology, health or law somehow touches insurance. War is no exception. The repercussions of Russia’s unprovoked military invasion of Ukraine...
Russia’s Sovcomflot Re-routes Tankers to Bahamas Amid Growing Sanctions
Mar 8 2022 // At least three tankers controlled by Russian maritime powerhouse Sovcomflot that have been unable to deliver their cargoes due to Western sanctions have re-routed to the Bahamas, vessel tracking data showed on...
EXPLAINER – How Sanctions Against Russia Are Hitting Global Aviation Industry
Mar 8 2022 // Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to earlier freezes on...
Insurers Urged to Stress Test Cyber Portfolios for Russian Attack Potential
Mar 7 2022 // Cyber risk and analytics firm CyberCube said it has seen cyber attacks on Ukrainian government services, infrastructure, and other industries and it urges the insurance industry to reevaluate exposures. Russia’s...
Russian Cyberattacks May Test Insurer War Exclusion Policy Language
Mar 4 2022 // The Russian invasion of Ukraine has increased the risk of cyberattacks and potential claim costs for property/casualty (P/C) insurers globally that offer cyber coverage, the majority of which is underwritten in North...
China Instructs State Insurers to Review Exposure to Russia, Ukraine
Mar 4 2022 // China has told top state insurers to perform urgent checks on their exposure to Russia and Ukraine, as concerns swirl about the damage to the two economies amid intense fighting, according to two sources and documents seen...
London Halts Stocks, Trade Insurers Withdraw Cover as Isolation of Russia Intensifies
Mar 4 2022 // Russia’s global financial isolation intensified on Friday as the London Stock Exchange (LSE) suspended trading in its last Russian securities and some insurers withdrew cover from exporters over Moscow’s...
Ukrainian Cyber Group to Target Russian Power Grid, Railways
Mar 4 2022 // A Ukrainian cyber guerrilla warfare group plans to launch digital sabotage attacks against critical Russian infrastructure such as railways and the electricity grid, to strike back at Moscow over its invasion, a hacker...
Italian Insurer Generali to Pull Out of Russia, Give Up Seats on Russian Insurer Board
Mar 4 2022 // Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa Sanpaolo, Italy’s biggest bank, is reviewing its presence there. Generali said...
Russian Sanctions Pose Risks to U.S. Nuclear Power Industry
Mar 3 2022 // As economic sanctions pile up on Russia, there’s growing concern that export restrictions on the world’s top supplier of nuclear fuel has the potential to disrupt the U.S. power industry. Russia produces about...
UK to Ban Russian Companies From London Aviation Insurance Market
Mar 3 2022 // LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s largest commercial and speciality insurance center, the finance ministry said on...
Ship Insurer West Withdraws Cover on 2 Russian Ships Over U.S. Sanctions
Mar 3 2022 // British ship insurer West of England has withdrawn cover for two container ships operated by Russia’s FESCO Transportation Group after the vessels were listed by the U.S. Treasury as part of broader sanctions, West...
Shipping Firm Warns Delays May Damage Perishable Cargo Shipments to Russia
Mar 2 2022 // Shipments of foodstuffs and medical supplies to Russia risk being damaged or spoiled due to significant delays at ports and customs, shipping group Maersk told its customers on Wednesday. Maersk and two other large...
China Will Not Impose Sanctions on Russia for Ukraine Invasion
Mar 2 2022 // BEIJING — China will not join in sanctions on Russia that have been led by the West, the country’s banking regulator said on Wednesday, adding that he believed the impact of the measures on China would be...
Could the Ukraine Crisis Move Florida to Fix Its Insurance Crisis?
Mar 2 2022 // With the March 11 scheduled close of its regular session fast approaching, the Florida Legislature remains so focused on putting the finishing touches on its various culture-war signaling bills that one might think...
