Reuters: Russia’s State-Owned RNRC to Reinsure Russian Oil Shipments: Sources June 10, 2022 By Jonathan Saul State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including Sovcomflot’s fleet, after Western insurance...
Insurance Ban on Russian Tankers Could Help Cut Moscow’s Energy Revenues: Yellen June 10, 2022 By Christopher Condon U.S. Treasury Secretary Janet Yellen said a plan to ban European and UK firms from insuring tanker shipments of Russian...
Russia’s Rusal Files Suit Against Miner Rio Tinto Over Access to Alumina Refinery June 6, 2022 By Praveen Menon SYDNEY – Russian aluminum producer Rusal has filed a lawsuit against global miner Rio Tinto, seeking to win back access...
Allianz to Retain 49.9% Stake in Russian Operations After Sale to Interholding June 3, 2022 The insurer Allianz said on Friday it would sell a majority stake in its Russian operations to the owner of...
EU Gives Final Nod to Sanctions Targeting Russia’s Oil, Insurance, Sberbank June 3, 2022 By Gabriela Baczynska and Jan Strupczewski BRUSSELS – The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank...
European Union Seeks to Coordinate Russian Oil Insurance Ban With G-7 Members June 2, 2022 By Ewa Krukowska and Alberto Nardelli The European Union is working to coordinate a ban on providing the insurance services needed to ship Russian oil anywhere...
EU Poised to Approve Sanctions Against Russia, Covering Oil, Banks and Insurance June 1, 2022 By Alberto Nardelli and Ewa Krukowska European Union ambassadors are set to approve a sixth package of sanctions over Moscow’s invasion of Ukraine, banning most Russian...
Lloyd’s Is Working With UK, Global Regulators to Implement Russia Sanctions June 1, 2022 Lloyd’s of London, the world’s oldest insurance market, said on Wednesday that it was working closely with British and international...
Iran’s Seizure of 2 Greek Oil Tankers Adds Risk to Key Shipping Route June 1, 2022 By Anthony Di Paola Iran’s seizure of two Greek oil tankers in the Persian Gulf raises the risk of further interruptions to shipments from...
EU Leaders Agree to Pursue Ban on Most Russia Oil; Insurance Prohibition Delayed May 31, 2022 By Jorge Valero, Milda Seputyte and Alberto Nardelli European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of...