All the headlines from our Russia Topic Page, ordered by recency.
Mar 16 2022 // Plaintiffs are decrying potential delays involved in law firms ditching sanctioned clients mid-litigation Leaving clients in court is ultimately up to a judge, and timing matters Several major law firms have said they will...
Mar 16 2022 // Munich Re is joining other insurers, reinsurers and brokers that have withdrawn from business with Russia.Condemning Russia’s attack on Ukraine and supporting the sanctions, Munich Re said it will not renew existing...
Mar 16 2022 // Bermuda’s aviation regulator said it is suspending certification of all Russian-operated airplanes registered in the British overseas territory due to international sanctions over the war in Ukraine, in a move...
Mar 15 2022 // Russia and Belarus represent less than 1% of business transacted by Lloyd’s of London, the commercial insurance market said, adding that it would look to curtail Russian exposure in several of its specialist...
Mar 14 2022 // California Insurance Commissioner Ricardo Lara on Monday issued a notice to all insurance companies doing business in the state to review their financial holdings and take immediate steps to identify and divest from any...
Mar 14 2022 // Global insurance broker Willis Towers Watson (WTW) announced on Sunday that it will withdraw from all of its businesses in Russia in response to Russia’s war against Ukraine.The announcement comes after competitor...
Mar 14 2022 // The world’s top association of ship certifiers has withdrawn membership from the Russia Maritime Register of Shipping (RS) due to the impact of sanctions on Moscow after its invasion of Ukraine, in another blow to...
Mar 14 2022 // Australia and the Netherlands started legal proceedings against Russia over the downing of Malaysia Airlines Flight MH17, more than seven years after the deadly crash.The move, at the International Civil Aviation...
Mar 14 2022 // Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia.The German insurer and Swiss reinsurer join banks Deutsche, Goldman Sachs and...
Mar 11 2022 // Norway’s DNV, one of the world’s top ship certifiers, is winding down its Russia business and reviewing all existing contracts becoming the latest company to cut such services as pressure grows on Moscow after...
Mar 11 2022 // Global leasing companies staring at an imminent sanctions deadline to repossess more than 400 jets worth almost $10 billion from Russian airlines have received mostly radio silence as experts warn of legal wrangling that...
Mar 11 2022 // Kazakhstan’s flagship carrier, Air Astana, has suspended all flights to Russia and over Russian territory because such flights can no longer be insured, the company said on Friday.Air Astana, in which Britain’s...
Mar 11 2022 // Lloyd’s Register, one of the world’s top ship certifiers, is stopping services to Russia after sanctions were imposed on Moscow for its invasion of Ukraine, the company said on Thursday.Classification societies...
Mar 10 2022 // Reflecting growing animosity across the United States toward Russia after its invasion of Ukraine, lawmakers in New Jersey’s largest city have voted to suspend the licenses of gas stations branded with the name of a...
Mar 10 2022 // Marsh McLennan, the world’s largest insurance broker, said on Thursday it would exit all of its businesses in Russia, while its rival Aon suspended operations in the country.“We intend to transfer ownership of...
Mar 10 2022 // Although insurance penetration in Ukraine and Russia is low, global insurers will face secondary impacts from greater financial market volatility and higher energy prices, Moody’s Investors Services said last week.In...
Mar 10 2022 // The insurance rating firm AM Best said it has moved its country risk tier for Russia to a CRT-5 from a CRT-4 to reflect the “significantly heightened geopolitical, economic and financial system risk” in the...
Mar 9 2022 // Britain said on Wednesday it had impounded a plane connected to a Russian billionaire under new aviation sanctions which give authorities the power to detain any Russian aircraft and to ban exports of aviation or...
Mar 9 2022 // Sanctions against Russia in response to its invasion of Ukraine are “manageable” for Britain’s insurers and wider financial sector, Bank of England Deputy Governor Sam Woods said on Tuesday.Britain is...
Mar 9 2022 // Britain unveiled new aviation sanctions on Wednesday which give the power to detain any Russian aircraft and banning exports of aviation or space-related goods to Russia, saying it had already impounded one plane.The...