Zurich Insurance to Sell Russian Business to Local Team May 20, 2022 By Brenna Hughes Neghaiwi Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as...
Russia’s Aeroflot Buys 8 Stranded Airbus A330 Aircraft From Leasing Firms May 16, 2022 By Kevin Liffey Russia’s biggest airline, Aeroflot, said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part...
Aircraft Lessors Begin ‘Vigorous’ Pursuit of Insurance Claims for Seized Jets in Russia May 11, 2022 By Padraic Halpin, Conor Humphries and Tim Hepher Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of...
EU to Weaken Russia Oil Sanctions, but Keeps Plan to Prohibit Insurance of Shipments May 9, 2022 By Nikos Chrysoloras, Alberto Nardelli and Ewa Krukowska The European Union is set to soften its sanctions package on Russian oil exports after a weekend of wrangling, though...
Russia’s Leading Shipping Firm Sovcomflot Plans to Sell Part of Its Fleet: Report May 6, 2022 Russia’s leading shipping company Sovcomflot plans to sell part of its fleet, it said on Friday, as it grapples with...
Dubai Aerospace Files Insurance Claims of $1B for Aircraft Stranded in Russia May 6, 2022 By Shaji Mathew The Middle East’s biggest plane-leasing firm wrote off half-a-billion dollars for aircraft stranded in Russia, after the Kremlin issued a...
Western Ship Insurers Terminate Cover for Russia’s Sovcomflot as Sanctions Expand May 4, 2022 By Jonathan Saul Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved...
EU Seeks to Target Russia’s Global Oil Exports With Insurance, Services Ban May 4, 2022 By Nikos Chrysoloras, Alberto Nardelli, Alex Longley and Alaric Nightingale The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that...
Lessor Avolon Reports $304M Impairment Over Seized Russian Aircraft May 4, 2022 Major aircraft lessor Avolon recorded a first-quarter impairment of $304 million to cover the full financial impact of having 10...
EasyJet Cancels Leases on Russia-Owned Jets in Rare Sanctions Anomaly April 29, 2022 By Siddharth Philip EasyJet Plc terminated rental contracts on six Airbus SE jets owned by a Russian state leasing company in a rare...