Shipowners That Still Transport Russian Crude Are Reaping Big Rewards July 5, 2022 By Serene Cheong A handful of shipowners still willing to transport Russian crude are reaping big rewards on at least one route as...
State-Controlled RNRC Says It Now Covers Nearly All Russian Reinsurance July 1, 2022 State-controlled Russian National Reinsurance Co. (RNRC) is covering nearly all reinsurance of domestic business, its president said on Friday, as...
Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator June 28, 2022 Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on...
G-7 Eyes Cap on Price of Russian Oil via Insurance, Shipping Restrictions June 27, 2022 By Chiara Albanese, Samy Adghirni and Alberto Nardelli Group of Seven nations are discussing a cap on the price of Russian oil that would work by imposing restrictions...
Russia Defaults on Foreign-Currency Debt for 1st Time in More Than a Century June 27, 2022 By Giulia Morpurgo and Libby Cherry Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions...
Russian Oil Tankers Get Their Safety Certification From India via Dubai Company June 23, 2022 By Nidhi Verma and Jonathan Saul India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot,...
Russian Commodities Traders Relocate to Dubai as Switzerland Tightens Sanctions June 23, 2022 By Archie Hunter, Ben Bartenstein, Verity Ratcliffe and Isis Almeida Traders of Russian commodities are rushing to set up businesses in Dubai as Switzerland makes it increasingly challenging for them...
Sovcomflot’s Cargo Ships Fully Covered by Russian Insurers: CEO June 20, 2022 Russia’s state-run Sovcomflot has insured all its cargo ships with Russian insurers and the cover meets international rules, the chief...
EU Aviation Watchdog Raises Alarm About Western-Made Aircraft Flying in Russia June 16, 2022 By David Shepardson The European Union’s top aviation safety regulator said on Tuesday that he is “very worried” about the safety of Western-made...
Russia’s Sakhalin 1 Oil Operations Disrupted by Western Sanctions on Insurance: ONGC June 14, 2022 By Nidhi Verma and Aftab Ahmed Operations at Russia’s Sakhalin 1 oil project will continue to face disruptions for “a couple of months” as Western sanctions...