All the headlines from our Russia Topic Page, ordered by recency.
Jun 2 2022 // The European Union is working to coordinate a ban on providing the insurance services needed to ship Russian oil anywhere in the world with some Group of Seven members, according to people familiar with the matter, in a...
Jun 1 2022 // European Union ambassadors are set to approve a sixth package of sanctions over Moscow’s invasion of Ukraine, banning most Russian oil imports by year-end and restricting Russia’s ability to ship crude to...
Jun 1 2022 // Lloyd’s of London, the world’s oldest insurance market, said on Wednesday that it was working closely with British and international governments and regulators to implement global sanctions against...
May 31 2022 // European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for the invasion of Ukraine.The sanctions would...
May 27 2022 // The United States has confiscated Iranian oil held on a Russian-operated ship near Greece and will send the cargo to the United States aboard another vessel, three sources familiar with the matter said.It was unclear...
May 27 2022 // Ukraine’s richest man says he plans to sue Russia over what he said was $17 billon to $20 billion in losses caused by its bombardment of steel plants he owns in the devastated city of Mariupol.The Azovstal steelworks...
May 27 2022 // Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow’s invasion of Ukraine, raising the stakes for multinationals trying to...
May 26 2022 // A logistically risky and costly transfer of crude between tankers at sea highlights the steps at least one Chinese buyer is willing to take to ensure the smooth flow of oil from eastern Russia to Asia.Buyers are using...
May 25 2022 // Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western...
May 20 2022 // Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest Western firm to exit Russia.It joins a list of companies that have quit the...
May 19 2022 // Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for CEO Philippe Donnet who last month won a shareholder battle to keep his job for another three...
May 16 2022 // Russia’s biggest airline, Aeroflot, said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part of the fulfillment of contractual obligations.”More than 400 aircraft...
May 12 2022 // The world needs to speed up decarbonization and not let a focus on energy security in the wake of Russia’s invasion of Ukraine derail the drive to a low-carbon economy to avert disastrous climate change, leading...
May 11 2022 // Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of insurance claims while maintaining discreet contact with some customers after Moscow blocked the...
May 9 2022 // The European Union is set to soften its sanctions package on Russian oil exports after a weekend of wrangling, though it aims to keep a key shipping provision that will hinder Moscow’s ability to export its crude.The...
May 6 2022 // Russia’s leading shipping company Sovcomflot plans to sell part of its fleet, it said on Friday, as it grapples with Western sanctions and seeks to repay outstanding loans.Sovcomflot has faced growing challenges in...
May 6 2022 // The Middle East’s biggest plane-leasing firm wrote off half-a-billion dollars for aircraft stranded in Russia, after the Kremlin issued a law preventing foreign-owned jets from leaving the country without state...
May 5 2022 // AIG CEO Peter Zaffino during the company’s most recent earnings call provided analysts with some insight regarding insurance implications from Russia’s invasion of Ukraine.“We have not seen a situation...
May 4 2022 // Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved say, adding to the growing challenges for the state-owned company...
May 4 2022 // The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that could dramatically impair Moscow’s ability to ship its oil anywhere in the world.The bloc is proposing to...