Russia’s Sakhalin 1 Oil Operations Disrupted by Western Sanctions on Insurance: ONGC June 14, 2022 By Nidhi Verma and Aftab Ahmed Operations at Russia’s Sakhalin 1 oil project will continue to face disruptions for “a couple of months” as Western sanctions...
Reuters: Russia’s State-Owned RNRC to Reinsure Russian Oil Shipments: Sources June 10, 2022 By Jonathan Saul State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including Sovcomflot’s fleet, after Western insurance...
Insurance Ban on Russian Tankers Could Help Cut Moscow’s Energy Revenues: Yellen June 10, 2022 By Christopher Condon U.S. Treasury Secretary Janet Yellen said a plan to ban European and UK firms from insuring tanker shipments of Russian...
Removing Russian Sea Mines Near Key Ukraine Ports Could Take Months: U.N. June 9, 2022 By Áine Quinn Removing sea mines near Ukraine’s key ports could take months, and hundreds of seafarers are still stranded in the region...
EU Gives Final Nod to Sanctions Targeting Russia’s Oil, Insurance, Sberbank June 3, 2022 By Gabriela Baczynska and Jan Strupczewski BRUSSELS – The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank...
European Union Seeks to Coordinate Russian Oil Insurance Ban With G-7 Members June 2, 2022 By Ewa Krukowska and Alberto Nardelli The European Union is working to coordinate a ban on providing the insurance services needed to ship Russian oil anywhere...
EU Poised to Approve Sanctions Against Russia, Covering Oil, Banks and Insurance June 1, 2022 By Alberto Nardelli and Ewa Krukowska European Union ambassadors are set to approve a sixth package of sanctions over Moscow’s invasion of Ukraine, banning most Russian...
Iran’s Seizure of 2 Greek Oil Tankers Adds Risk to Key Shipping Route June 1, 2022 By Anthony Di Paola Iran’s seizure of two Greek oil tankers in the Persian Gulf raises the risk of further interruptions to shipments from...
EU Leaders Agree to Pursue Ban on Most Russia Oil; Insurance Prohibition Delayed May 31, 2022 By Jorge Valero, Milda Seputyte and Alberto Nardelli European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of...
U.S. Seizes Iranian Oil Cargo From Russian-Operated Ship Near Greece: Sources May 27, 2022 By Jonathan Saul, Lefteris Papadimas and Renee Maltezou The United States has confiscated Iranian oil held on a Russian-operated ship near Greece and will send the cargo to...