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Russian Certifier Steps in After India Drops Safety Cover for Sanctioned Oil Tankers
May 13 2024 // India’s ship certification agency has withdrawn safety cover issued to Russian oil tankers that have been placed under U.S. sanctions, according to its website, with the vessels instead turning to a domestic...
Russia Court Suspends Corporate Rights of Alfa Bank Entities, Including Å˽ðÁ«´«Ã½Ó³» Arm
May 13 2024 // A Russian court on Monday suspended the corporate rights of the Cyprus-registered holding companies of private lender Alfa Bank and its insurance arm Alfastrakhovanie, according to a court filing. The finance ministry...
EU Aims to Target 11 Russian Ships Involved in Sanctions-Busting
May 7 2024 // The European Union has proposed restrictions on 11 vessels that contribute to Russia’s ability to sustain its war against Ukraine. The proposed measures, if approved by member states, would ban the ships from...
Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable
Apr 30 2024 // A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart of the global insurance industry said, offering one of the most direct criticisms yet of measures...
Russia Reinsurer Backs Domestic Carriers to Get Indian Marine Å˽ðÁ«´«Ã½Ó³» Permits
Apr 26 2024 // Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to...
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