Russian carmaker GAZ has filed a lawsuit worth 15.6 billion roubles ($200.5 million) against Volkswagen, court records show, adding to two others filed earlier this year. The lawsuit, details of which have not been published, was filed with the Nizhny …
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 access financial …
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 …
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 Sergei Lavrov said on Tuesday. Russia has signaled …
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, deputy chair of …
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 note: Reuters included a note with this article saying: “This content …
The Kremlin warned on Wednesday that the outlook for extending a deal beyond May 18 that allows the safe wartime export of grain and fertilizer from several Ukrainian Black Sea ports was not great as Russia’s own such exports still …
/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’s invasion of Ukraine. U.S. District Judge Lewis …
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 show. The lawsuit, details of which …
Munich Re will not proactively extend coverage for the Nord Stream 1 pipeline when it expires later this year, a spokesperson told Reuters on Thursday. The decision follows an announcement by Allianz on Wednesday that it does not intend to …
