Russia Oil Hitting $60 Cap Adds to Crude-Oil Buyers’ Banking, Shipping Woes July 14, 2023 By Serene Cheong A top buyer of Russian oil is bracing for trading trouble as the price of Urals, the country’s main export...
Russia’s Flagship Crude Oil Surpasses G-7 Price Cap in Blow to Western Sanctions July 13, 2023 By Alaric Nightingale and Lucia Kassai Russia’s flagship Urals crude oil breached a price cap set by the Group of Seven, a blow to western sanctions...
Russia-Linked Oil Tanker Fleet Vanishes Even Faster Than It Grew July 11, 2023 By Julian Lee and Alex Longley A fleet of tankers that sprouted up out of nowhere to keep Russia’s oil moving has disbanded even faster than...
Aviation Lessors Fight to Stop Insurance Dispute Hearings in Russia July 10, 2023 More than 40 aviation leasing firms, locked in a battle with insurers over who should bear up to $10 billion...
Ukraine Finance Chief Sees Urgent Need for War-Risk Insurance July 7, 2023 By Maria Tadeo and Volodymyr Verbyany Ukraine’s wartime defense spending will remain high next year, underscoring the need for allies to provide war-risk insurance to help...
Russia’s Aging, Dark Fleet of Oil Tankers Gets Infusion of Newer Ships July 3, 2023 By Alex Longley and Serene Cheong An armada of tankers ferrying sanctioned oil around the globe is starting to get younger, bucking a months-long trend of...
Marsh McLennan to Work With Ukraine to Provide Access to Global Insurance Market June 23, 2023 Marsh McLennan, the professional services firm in the areas of risk, strategy and people, today announced that it will work...
Russia-Aligned Hackers Pose Threat to Canada Energy Sector, Spy Agency Says June 23, 2023 Russia-aligned hackers could seek to disrupt Canada’s powerful oil and natural gas sector, especially since Ottawa is a strong backer...
UK PM Unveils War-Risk Insurance Scheme to Spur Ukraine Reconstruction June 22, 2023 By Jorge Valero, Alberto Nardelli and Olesia Safronova UK Prime Minister Rishi Sunak announced the creation of a framework for war-risk insurance backed by the Group of Seven...
Aon, Lloyd’s and Vienna Insurance Group to Provide Re/Insurance for Ukraine Recovery June 21, 2023 Aon, Lloyd’s and Vienna Insurance Group (VIG) announced they are collaborating to provide foreign re/insurance capacity to support Ukraine’s recovery...