All the headlines from our Russia Topic Page, ordered by recency.
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...
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...
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 was...
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...
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,...
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...
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...
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...
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...
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...
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 told...
Mar 22 2022 // Seventy-eight Russian aircraft have been seized abroad, the Interfax news agency quoted Transport Minister Vitaly Savelyev as saying on Tuesday, as Moscow grapples with the consequences of international sanctions over...
Mar 22 2022 // President Joe Biden warned Monday about new indications of possible Russian cyberattacks, pumping up the volume on weeks of growing concern about a possible Kremlin-ordered response to crushing sanctions over the invasion...
Mar 22 2022 // Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of planes in Russia, Fitch Ratings said.More than 500 planes that are financed or owned by non-Russian...
Mar 22 2022 // The Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility than through direct effects from sanctions, according to Fitch Ratings.The rating agency...
Mar 18 2022 // Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin’s government and advocates of Ukraine pulling...
Mar 18 2022 // The Georgia insurance commissioner has joined his California counterpart in calling on insurers to divest their Russian business interests in the midst of the bloody Russian invasion of Ukraine.“The fact that the...
Mar 18 2022 // Broker CAC Specialty said the representations and warranties insurance (RWI) market has tightened significantly in Russia, Ukraine, and other impacted regions with some underwriters outright denying coverage.“For...
Mar 18 2022 // Aircraft-leasing firms working to retrieve planes from Russia are set to collide with an aviation-insurance industry bracing for an unprecedented barrage of claims.Lessors of planes stuck in Russia since the onset of...
Mar 17 2022 // A new Russian law on leased aircraft showed Moscow could “confiscate” planes and such a move might help it claim insurance, Air Lease Corp. said at a time when leasing firms risk writing off jets stranded in...