Update: Foreign Firms’ Losses From Exiting Russia Top $107 Billion March 28, 2024 By Alessandro Parodi and Alexander Marrow The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in...
Russia’s Oil Is Finally Getting Snarled by Sanctions March 25, 2024 By Rakesh Sharma, Grant Smith and Julian Lee The Russian oil-export machine funding the Kremlin’s war in Ukraine is finally getting some grit in its gears. Indian oil...
Denmark Detains Shadow Fleet Oil Tanker After Ship Collision March 22, 2024 By Alex Longley Danish maritime authorities have detained a tanker that was due to carry Russian oil after it collided with another ship...
Shadow-Fleet Oil Tanker Damaged in Collision Near Denmark March 20, 2024 By Alex Longley and Sherry Su A tanker from the shadow fleet of ships assembled to carry Russian oil was involved in a collision near Denmark,...
In Ukraine’s Bombarded Ports, Ship Buyers Scout for Deals March 15, 2024 By Jonathan Saul and Carolyn Cohn Since Russia invaded Ukraine two years ago, nearly 50 merchant ships have been languishing in its waters, stuck in ports...
Nord Stream Sues Insurers in London Over 2022 Pipeline Blasts March 12, 2024 Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured...
Russia Oil Fleet Shifts Away From Liberia, Marshall Island Flags as Sanctions Ramp Up March 6, 2024 By Jonathan Saul and Timothy Gardner Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks...
Marsh McLennan, Ukraine, Lloyd’s Expand Insurance Facility for Non-Military Shipments March 1, 2024 Insurance broker Marsh McLennan, the Ukrainian government and Lloyd’s have announced a major expansion of the Unity insurance facility –...
Companies in Ukraine See Problems Pile Up; Insurance Issues Make Matters Worse February 29, 2024 By Marc Jones and Olena Harmash German supermarket chain Metro and its 3,400 employees in Ukraine have worked hard to get their business back to where...
Russia’s Aeroflot Finalizes Insurance Settlement for 7 More Planes February 16, 2024 Russia’s Aeroflot has finalized insurance settlements with leasing companies for seven more planes, it said on Friday. Planes leased by...