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...
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...