Latest Russia Headlines
All the headlines from our Russia Topic Page, ordered by recency.
Reuters – Oil Traders to Cut Russia Oil Purchases to Avoid Falling Foul of EU Sanctions
Apr 14 2022 // Major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as May 15, sources said, to avoid falling foul of European Union sanctions on...
Air Lease Says 21 Jets Stranded in Sanctions-Hit Russia
Apr 13 2022 // Air Lease Corp. said on Tuesday it has 21 jets remaining in sanctions-hit Russia, two weeks after a Western deadline for global leasing firms to sever ties with the country’s airlines. All of the company’s...
Societe Generale to Exit Russia With Sale of Stake in Rosbank and Insurance Units
Apr 11 2022 // Societe Generale said on Monday it had agreed to sell its stake in Rosbank and the Russian lender’s insurance subsidiaries to Interros Capital, a firm linked to billionaire Vladimir Potanin, lifting the French...
AIG Looks at Cutting Insurance for Russia, Ukraine
Apr 8 2022 // AIG, one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from the risk of hefty claims as sanctions ratchet up and the war drags on, an insurance...
Russia Credit Insurance Signals Record 99% Chance of Default Within Year
Apr 7 2022 // The cost of insuring Russia’s government debt surged to signal a record 99% chance of default within the year after its Finance Ministry paid some of its dollar bonds with rubles. Credit-default swaps insuring $10...
Many Russian Ships Switch Flags to Other Countries, Possibly to Avoid Sanctions
Apr 6 2022 // Many more Russian-flagged vessels than usual switched their flags to other countries in March, possibly to conceal their ties to Moscow and avoid being caught up in sanctions over the invasion of Ukraine, according to...
Mediterranean Marine Fuel Suppliers Stop Serving Russian Ships: Sources
Apr 4 2022 // Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow’s exports, five industry sources with knowledge of the matter told...
Insurers Urged to Stress Test Cyber Portfolios for Russian Attack Potential
Apr 4 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...
Will Companies Exiting Russia Be Able to Recoup Losses With Insurance?
Apr 4 2022 // Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co. to PwC, a global professional services...
Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia
Apr 4 2022 // Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of planes in Russia, Fitch Ratings said. More than 500 planes that are financed or owned by non-Russian...
Russian Invasion of Ukraine, Cyber Attacks and War Exclusions in P/C Policies
Apr 4 2022 // The Russian invasion of Ukraine may result in cyberattacks causing widespread and severe losses in Ukraine and beyond. Even before the current invasion, some Russian cyberattacks aimed at Ukraine spread to other nations....
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B
Apr 1 2022 // Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50% of those claims, according to a report published by S&P Global Ratings. While...
Ukraine Urges Marine Insurers to Withdraw Coverage for Russian Shipping Companies
Mar 31 2022 // The Ukrainian government has asked international marine insurers to stop all dealings with shipping companies carrying Russian fossil fuels in a bid to intensify pressure on Vladimir Putin’s regime. Oleg Ustenko,...
UK Expands Sanctions That Target Russian Oligarchs’ Jets and Yachts
Mar 31 2022 // Britain put in place new legal powers on Wednesday to prohibit maintenance on aircraft and ships belonging to specific sanctioned Russian oligarchs or their businesses. The government is acting in concert with Western...
Aircraft Leasing Firm AerCap Files $3.5B Insurance Claim for Jets Stuck in Russia
Mar 30 2022 // AerCap Holdings NV, the world’s largest aircraft-leasing firm, is seeking about $3.5 billion from insurers related to jets and engines stuck in Russia following the invasion of Ukraine. The claims were filed last...
FBI Says Russian Hackers Scanning U.S. Energy Systems and Pose ‘Current’ Threat
Mar 30 2022 // Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a “current” threat to American national...
Zurich Removes ‘Z’ From Social Media Branding as Russia Uses Symbol in Ukraine War
Mar 30 2022 // Zurich Insurance said it has removed the letter “Z” from its social media branding as a result of Russia’s use of the letter during its war in Ukraine. “The Zurich brand has been around for 150...
UK Cyber Agency Warns Organizations About Use of Russian Computer Technology
Mar 30 2022 // Britain’s cybersecurity center on Tuesday said organizations providing services related to Ukraine or critical infrastructure should reconsider the risk associated with using Russian computer technology in their...
Jet Leasing Firms Tally Up Losses Stemming From Russia-Ukraine War
Mar 30 2022 // Aircraft leasing firms are tallying up losses stemming from Russia’s invasion of Ukraine, according to the head of Avolon Holdings Ltd., one of the biggest players in the industry. Lessors are in dialogue with...
AM Best and S&P Ratings Suspend All Commercial Operations in Russia
Mar 30 2022 // AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on Russia-based re/insurance companies, subject to sanctions imposed by the European Union (EU) and in...
