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...
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...