Latest Russia Headlines
All the headlines from our Russia Topic Page, ordered by recency.
Rising Oil Prices Complicate Russian Price Cap Checks for Insurers
Apr 28 2023 // Key figures in the insurance industry said rising Russian oil prices are making it harder for them to know if they can lawfully cover Russian cargoes. Since December, buyers of Russian crude oil have only been allowed to...
Ship Insurers Warn of Russian Oil Price Cap Evasion, Risks of Growing ‘Dark Fleet’
Apr 27 2023 // A rise in spot prices for Russian crude oil to above the $60 per barrel cap imposed by western powers has made ship insurers even more nervous of running foul of the rules as they are unable to independently track the...
Russia’s Lavrov Blames West for Deadlock Over Future of Black Sea Grain Deal
Apr 26 2023 // Moscow has seen “practically no results” from a pact with the United Nations that aimed to help Russia’s grain and fertilizer exports and blamed Western countries for creating a deadlock, Foreign Minister...
Russia’s Medvedev Says G-7 Export Ban Could Trigger Black Sea Grain Deal Exit
Apr 24 2023 // Moscow may retaliate if Group of Seven countries proceed with a total ban on most exports to Russia by withdrawing from the safe-transit deal that allows Ukraine to ship grains from Black Sea ports, said Dmitry Medvedev,...
Tanker Company Shipping Russian Oil Loses Insurance on G-7 Price Cap
Apr 21 2023 // An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet after falling foul of a Group of Seven price cap relating to the transportation of the nation’s...
Lukoil Buys Into AIG’s Former Russian Subsidiary
Apr 20 2023 // Russia’s second-largest oil producer Lukoil has bought into insurance company GARDIA, a former subsidiary of AIG, one of the world’s biggest commercial insurers, GARDIA said earlier this week. (Editor’s...
Cyber Firm Group-IB Finalizes Exit From Russia to Spur Global Expansion Ambitions
Apr 20 2023 // Cybersecurity company Group-IB has finalized its exit from Russia, the group said on Thursday, cutting ties with its original market in an effort to spur its global expansion ambitions. Punitive Western sanctions against...
Russian Hackers Target Western Critical Infrastructure, UK Warns
Apr 19 2023 // The UK government’s cyber defense agency warned on Wednesday of an emerging threat to Western critical national infrastructure posed by hackers sympathetic to Russia and its war on Ukraine. Russia-aligned...
Russia’s Largest Cargo Airline Ordered to Pay Aircraft Lessor BOC Aviation $406.2M
Apr 12 2023 // /A U.S. judge on Tuesday ordered Russia’s largest cargo airline to pay aircraft lessor BOC Aviation Ltd. $406.2 million after being declared in default on leases for three Boeing 747-8 freighters following...
Russia Threatens to Bypass UN-Brokered Grain Deal, Cites Insurance as Barrier
Apr 10 2023 // Russia on Friday threatened to bypass the UN-brokered grain deal unless obstacles to its agricultural exports were removed, while talks in Turkey agreed removing barriers was a necessary condition to extending the...
Russia’s GAZ Group Files $348M Suit Against Volkswagen
Apr 10 2023 // The Gorky Automobile Plant, part of Russia’s GAZ Group which was contracted to assemble cars for Volkswagen, has filed a lawsuit to recover 28.4 billion roubles ($348 million) from the German automaker, court records...
Western Curbs on Russian Oil Products Redraw Global Energy Shipping Patterns
Apr 6 2023 // Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping...
Russia Still Uses Western Insurance for Half of Tanker Fleet That Exports Its Oil
Mar 30 2023 // Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to data compiled by Bloomberg, and the country’s energy officials are voicing concerns about the...
Russia Has Successfully Rerouted Oil Exports Hit by Western Embargo: Energy Minister
Mar 28 2023 // Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to “friendly” countries, Energy Minister Nikolai Shulginov said on Tuesday, while still a decline in oil...
Aging Shadow Fleet, Shipping Russian Oil, Poses Disaster Risk
Mar 27 2023 // The oil tanker Turba normally should have been melted down by now. The 26-year-old vessel hasn’t had a full inspection since 2017, according to a database dedicated to promoting safe shipping. It also lacks industry...
Japanese Shipping Firm Seeks Government Support for Russia Insurance Risk
Mar 23 2023 // Major Japanese shipping company Nippon Yusen KK is seeking a government guarantee to insure vessels at risk from Russia’s war in Ukraine. Conditions for getting war insurance for ships entering Russian territorial...
Russian Court Freezes Volkswagen Assets in Russia
Mar 21 2023 // A Russian court on Monday froze all Volkswagen assets in Russia, in the latest obstacle to the German carmaker’s year-long efforts to wind down its Russian operations. Volkswagen, along with other foreign carmakers,...
Microsoft Warns Russian Hackers May Plan More Attacks, Inside and Outside of Ukraine
Mar 17 2023 // Microsoft Corp. warned an infamous hacking group that is tied to Russia’s military intelligence agency GRU could be gearing up for more ransomware attacks both inside and outside of Ukraine. Microsoft calls the group...
Ukraine Rebuffs Russia’s Offer of 60-Day Extension on Grain Deal
Mar 14 2023 // Ukraine pushed back on Russia’s apparent offer to extend the landmark grain-export deal by just 60 days when it comes up for renewal later this week. Russian and United Nations officials held discussions in Geneva on...
Insurers Successfully Merge Lawsuits Brought by Lessors for Jets Confiscated in Russia
Mar 13 2023 // Insurers led by AIG succeeded in their attempt to merge several lawsuits brought by aircraft lessors over outstanding claims for jets that have been left out of reach in Russia. Judge Christopher John Butcher at...
