Shipowners That Still Transport Russian Crude Are Reaping Big Rewards July 5, 2022 By Serene Cheong A handful of shipowners still willing to transport Russian crude are reaping big rewards on at least one route as...
State-Controlled RNRC Says It Now Covers Nearly All Russian Reinsurance July 1, 2022 State-controlled Russian National Reinsurance Co. (RNRC) is covering nearly all reinsurance of domestic business, its president said on Friday, as...
Carlyle Unit Assumes Full Risks of Operating Gas Field as Insurers Shun Black Sea June 29, 2022 By Irina Vilcu and Andra Timu A unit of Carlyle International Energy Partners LP has assumed the full risks of operating a new gas field in...
Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator June 28, 2022 Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on...
G-7 Eyes Cap on Price of Russian Oil via Insurance, Shipping Restrictions June 27, 2022 By Chiara Albanese, Samy Adghirni and Alberto Nardelli Group of Seven nations are discussing a cap on the price of Russian oil that would work by imposing restrictions...
Russia Defaults on Foreign-Currency Debt for 1st Time in More Than a Century June 27, 2022 By Giulia Morpurgo and Libby Cherry Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions...
Ukraine Crop-Handling Port Damaged in Russian Attacks, Adding to Farm Sector Losses June 24, 2022 By Archie Hunter, Tarso Veloso and Megan Durisin Infrastructure owned by two major agriculture traders was damaged in Russian attacks at one of the biggest crop-handling ports in...
Russian Oil Tankers Get Their Safety Certification From India via Dubai Company June 23, 2022 By Nidhi Verma and Jonathan Saul India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot,...
Russian Commodities Traders Relocate to Dubai as Switzerland Tightens Sanctions June 23, 2022 By Archie Hunter, Ben Bartenstein, Verity Ratcliffe and Isis Almeida Traders of Russian commodities are rushing to set up businesses in Dubai as Switzerland makes it increasingly challenging for them...
EU Balks at U.S. Plan to Use Insurance to Cap Russian Oil Prices June 22, 2022 By Alberto Nardelli, Michael Nienaber and Ivan Levingston European officials are skeptical of a U.S. push to set a price cap on Russian oil by potentially easing an...