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SMBC Aviation Receives Cash Insurance Settlement Over Jets Stranded in Russia
Oct 3 2023 // Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a cash insurance settlement of $710 million for its jets previously leased to Russia’s state-owned airline Aeroflot. The lessor under...
Shadowy Russian Oil Trade Employs Fake Coordinates and Tanker Tricks
Sep 29 2023 // On a sunny day off the southern coast of Greece last week, two aging tankers nestled next to each other while one pumped oil to the other. As far as global satellite tracking systems could tell, it never happened. The...
Russia Dodges G7 Price Cap Sanctions on Most of Its Oil Exports: FT
Sep 25 2023 // Russian crude oil supplies increased 50% this spring despite the G7 countries imposing sanctions due to war in Ukraine, the Financial Times reported on Sunday citing data from analytics company Kpler. The European Union,...
Update: Lessor AerCap Settles Claim of $645M for Aeroflot Jets Stranded in Russia
Sep 6 2023 // The world’s largest aircraft lessor has agreed to settle an insurance claim over Russia’s refusal to return 17 jets leased to airline Aeroflot, a landmark agreement in a dispute over 400 Western planes stranded...
Russia’s Flagship Oil Rises Above G-7 Sanctions Cap, but Does Little to Impede Services
Aug 22 2023 // The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that has done little to impede the provision of western services for the trade. The number of ships calling at the...
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