EXPLAINER – How Sanctions Against Russia Are Hitting Global Aviation Industry March 8, 2022 By Jamie Freed Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related...
London Halts Stocks, Trade Insurers Withdraw Cover as Isolation of Russia Intensifies March 4, 2022 By Lawrence White and Carolyn Cohn Russia’s global financial isolation intensified on Friday as the London Stock Exchange (LSE) suspended trading in its last Russian securities...
Italian Insurer Generali to Pull Out of Russia, Give Up Seats on Russian Insurer Board March 4, 2022 Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa...
UK to Ban Russian Companies From London Aviation Insurance Market March 3, 2022 LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s...
Insurers Raise Costs of Shipping Through Black Sea for Vessels Still Willing to Sail February 25, 2022 By Jonathan Saul Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to...
Global Firms Shut Ukraine Operations, as They Weigh Impact of Sanctions on Russia February 25, 2022 By Jacob Gronholt-Pedersen Brewer Carlsberg, Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday following Russia’s invasion,...
Global Aviation Industry Assesses Growing Risks of Doing Business With Russia February 25, 2022 By Jamie Freed and Allison Lampert The fallout to the global aviation industry from Russia’s invasion of Ukraine is spreading beyond the airspace closings over the...
Some U.S. Businesses Wary of Sanctions on Russia, Urge Safe Harbors, Exemptions January 26, 2022 By Timothy Gardner and Andrea Shalal U.S. President Joe Biden has threatened to impose devastating sanctions on Russia if leader Vladimir Putin invades Ukraine, but some...