AM Best and S&P Ratings Suspend All Commercial Operations in Russia March 30, 2022 AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on...
Russian Airlines Could Be Frozen Out of Aircraft Leasing Market After Ukraine War March 29, 2022 By Tim Hepher Russian airlines could be frozen out of the aircraft leasing market well beyond the Ukraine conflict, one of the industry’s...
Russian Tankers Are Going Dark, Raising Concerns of Sanctions Evasion March 29, 2022 By K. Oanh Ha Russian tankers carrying oil chemicals and oil products are increasingly concealing their movements, a phenomenon that some maritime experts warn...
Irish Lessors Terminate All Russian Airline Leases March 29, 2022 All Irish lessors terminated their Russian airline leases by Monday’s European Union sanctions deadline and have so far had limited...
France’s AXA Stops Re/insuring Russian Insurers, Assets March 28, 2022 French insurer AXA said on Friday that it has stopped all new investments in Russian assets and would no longer...
Analysis – Aircraft Lessors Lose Hope of Getting Back Russian Planes Worth $10B March 28, 2022 By Jamie Freed As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes...
UK’s Asset Freeze of Russian Shipping Firm Sovcomflot Causes Problems for Re/Insurers March 25, 2022 By Jonathan Saul Russia’s top shipping company Sovcomflot (SCF), already struggling to find berths to discharge cargoes, is facing fresh pressure after the...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms March 24, 2022 By Siddharth Philip and Eliza Ronalds-Hannon Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave...
Russia Offers to Compensate Foreign Lessors of Commandeered Jets March 23, 2022 By Christopher Jasper Russia offered to compensate owners of jets commandeered by the country, a bid to smooth relations with leasing companies that...
Will Companies Exiting Russia Be Able to Recoup Losses With Insurance? March 23, 2022 By Tom Hals Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy...