Latest Russia Headlines
All the headlines from our Russia Topic Page, ordered by recency.
Zurich Removes ‘Z’ From Social Media Branding as Russia Uses Symbol in Ukraine War
Mar 30 2022 // Zurich Insurance said it has removed the letter “Z” from its social media branding as a result of Russia’s use of the letter during its war in Ukraine. “The Zurich brand has been around for 150...
UK Cyber Agency Warns Organizations About Use of Russian Computer Technology
Mar 30 2022 // Britain’s cybersecurity center on Tuesday said organizations providing services related to Ukraine or critical infrastructure should reconsider the risk associated with using Russian computer technology in their...
Jet Leasing Firms Tally Up Losses Stemming From Russia-Ukraine War
Mar 30 2022 // Aircraft leasing firms are tallying up losses stemming from Russia’s invasion of Ukraine, according to the head of Avolon Holdings Ltd., one of the biggest players in the industry. Lessors are in dialogue with...
AM Best and S&P Ratings Suspend All Commercial Operations in Russia
Mar 30 2022 // AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on Russia-based re/insurance companies, subject to sanctions imposed by the European Union (EU) and in...
Johnson & Johnson to Suspend Supply of Personal Care Products to Russia
Mar 29 2022 // Johnson & Johnson said on Tuesday it would halt sale of personal care products in Russia, joining other companies that have limited their business in the country in response to its invasion of Ukraine. J&J said it...
Russian Airlines Could Be Frozen Out of Aircraft Leasing Market After Ukraine War
Mar 29 2022 // Russian airlines could be frozen out of the aircraft leasing market well beyond the Ukraine conflict, one of the industry’s biggest players warned on Tuesday, blaming what executives have described as a default...
Russian Tankers Are Going Dark, Raising Concerns of Sanctions Evasion
Mar 29 2022 // Russian tankers carrying oil chemicals and oil products are increasingly concealing their movements, a phenomenon that some maritime experts warn could signal attempts to evade unprecedented sanctions prompted by the...
Irish Lessors Terminate All Russian Airline Leases
Mar 29 2022 // All Irish lessors terminated their Russian airline leases by Monday’s European Union sanctions deadline and have so far had limited success in recovering their aircraft, the representative body for the sector in...
France’s AXA Stops Re/insuring Russian Insurers, Assets
Mar 28 2022 // French insurer AXA said on Friday that it has stopped all new investments in Russian assets and would no longer underwrite reinsurance of the country’s insurance companies. It said it had stopped underwriting new...
Analysis – Aircraft Lessors Lose Hope of Getting Back Russian Planes Worth $10B
Mar 28 2022 // As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes worth almost $10 billion, foreign lessors are fast losing hope that they will get their aircraft...
Russian Invasion of Ukraine, Cyberattacks, and War Exclusions in P/C Policies
Mar 25 2022 // The Russian invasion of Ukraine may result in cyberattacks causing widespread and severe losses, in those nations and beyond. Even before the current invasion, some Russian cyberattacks aimed at Ukraine spread to other...
Russian Agents Charged with Targeting U.S. Nuclear Plant, Saudi Oil Refinery
Mar 25 2022 // U.S. and British officials on Thursday accused the Russian government of running a years-long campaign to hack into critical infrastructure, including an American nuclear plant and a Saudi oil refinery. The announcement...
UK’s Asset Freeze of Russian Shipping Firm Sovcomflot Causes Problems for Re/Insurers
Mar 25 2022 // Russia’s top shipping company Sovcomflot (SCF), already struggling to find berths to discharge cargoes, is facing fresh pressure after the UK on Thursday joined countries that have slapped sanctions on it, with...
Biden’s Russia Cyber Warning Befuddles Ill-Prepared Businesses
Mar 24 2022 // A day after U.S. President Joe Biden issued a stark warning that a Russian cyberattack “is coming,” members of his administration hosted a three-hour call with about 13,000 people representing businesses,...
Lloyd’s Expects ‘Major Claim’ From Russia-Ukraine War, Reports ‘Strong’ Profit in 2021
Mar 24 2022 // Lloyd’s, the world’s leading insurance and reinsurance marketplace, announced “a strong return to profitability” in its 2021 full year financial results, with an overall profit of £2.3 billion...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms
Mar 24 2022 // Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave of insurance claims from leasing firms whose fleets have effectively been...
Russia Offers to Compensate Foreign Lessors of Commandeered Jets
Mar 23 2022 // Russia offered to compensate owners of jets commandeered by the country, a bid to smooth relations with leasing companies that stand to lose billions of dollars on rented aircraft they can’t get back. Authorities in...
Will Companies Exiting Russia Be Able to Recoup Losses With Insurance?
Mar 23 2022 // Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co. to PwC, a global professional services...
Russia Court Finds Meta Guilty of ‘Extremist Activity’; Ruling Will Not Affect WhatsApp
Mar 22 2022 // A Moscow court said on Monday that Meta was guilty of “extremist activity,” but the ruling will not affect its WhatsApp messenger service, focusing on the U.S. firm’s already-banned Facebook and Instagram...
Kremlin Dismisses U.S. Warning of Potential Russian Cyber Attacks
Mar 22 2022 // The Kremlin on Tuesday rejected U.S. warnings that it may be preparing to conduct cyber attacks in response to Western sanctions, and said it did not engage in “banditry.” U.S. President Joe Biden on Monday...
