Nearly All Sanctioned Russian Oil Tankers Remain Idle and Empty Months After Sanctions May 20, 2024 By Julian Lee Dozens of tankers remain stuck doing nothing months after being sanctioned by the Treasury Department — a signal of the...
Russian Certifier Steps in After India Drops Safety Cover for Sanctioned Oil Tankers May 13, 2024 By Nidhi Verma and Jonathan Saul India’s ship certification agency has withdrawn safety cover issued to Russian oil tankers that have been placed under U.S. sanctions,...
Russia Court Suspends Corporate Rights of Alfa Bank Entities, Including Insurance Arm May 13, 2024 A Russian court on Monday suspended the corporate rights of the Cyprus-registered holding companies of private lender Alfa Bank and...
EU Aims to Target 11 Russian Ships Involved in Sanctions-Busting May 7, 2024 By Alberto Nardelli The European Union has proposed restrictions on 11 vessels that contribute to Russia’s ability to sustain its war against Ukraine....
Russia Reinsurer Backs Domestic Carriers to Get Indian Marine Insurance Permits April 26, 2024 By Nidhi Verma Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide...
Update: Nord Stream Insurers Deny Policies Covered War Risks in UK Lawsuit April 18, 2024 Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the...
Ukraine Nuclear-Plant Attacks Prompt Emergency Watchdog Meet April 12, 2024 The United Nations atomic watchdog held an emergency meeting in Vienna to discuss the increasing risk of an accident at...
EBRD Calls for Subsidized Insurance to Quickly Rebuild Ukraine April 5, 2024 By Kriti Gupta and Anna Edwards Subsidized insurance would attract investors to help rebuild Ukraine’s war-battered economy, according to the European Bank for Reconstruction and Development....
Russia’s Baltika Sues Carlsberg Subsidiaries for Over $900M in Damages April 1, 2024 Russia’s Baltika Breweries has sued four Carlsberg subsidiaries for damages amounting to 6.24 billion Danish crowns ($902 million), Russian court...
UK Court Rules That $10 Billion Jet Dispute Should Be Heard in London, Not Moscow March 28, 2024 A $10 billion battle between reinsurers and aircraft leasing companies seeking payouts for more than 200 jets stuck in Russia...