Oil Tanker Clears Turkish Shipping Logjam With Letter From Russian Insurer: Document December 7, 2022 A letter provided by Russian insurer Ingosstrakh enabled the first oil tanker to sail through Turkish waters in recent days...
Russia Oil Sanctions Fuel Boom for Old Tankers December 6, 2022 By Julia Payne and Jonathan Saul The market for old oil tankers is booming, and it’s all down to efforts by Western nations to curb trade...
Turkey’s Proof-of-Insurance Rule Ensnares Russian Oil Shipments December 6, 2022 By Alex Longley Oil shipments from Russia and Kazakhstan are getting ensnared in a Turkish government rule to provide proof that tankers are...
Here’s What You Need to Know About Russia Oil Sanctions, Effective Dec. 5 December 5, 2022 By Alex Longley After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday....
EU Agrees to $60 Price Cap for Russian Oil, Allowing Buyers to Access Insurance December 2, 2022 By Ewa Krukowska, Alberto Nardelli and Jorge Valero The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for...
Aircraft Lessors’ Lawsuits Against Their Insurers Rise to $8B for Seized Russian Planes November 30, 2022 Aircraft leasing firms are suing dozens of insurers for around $8 billion in a string of lawsuits over the loss...
Western Governments Struggle to Set Russian Oil Price Cap Before Dec. 5 November 30, 2022 Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability...
Russia Seeks to Boost Recognition of its Shipping Insurance to Dodge Sanctions November 30, 2022 Moscow is seeking to bolster the recognition of Russian maritime cargo insurance to allow it to ship oil and related...
SMBC Joins List of Aviation Lessors Suing Insurers Over Jets Stuck in Russia November 29, 2022 SMBC Aviation Capital has joined most of the world’s largest aircraft lessors in pursuing insurance claims through the courts over...
Russia Says It Won’t Sell Oil to Nations That Cap Prices November 22, 2022 By Bloomberg News Russia doesn’t plan to supply crude or oil products to nations that implement a price cap, according to Deputy Prime...