Shipping insurance costs across the Black Sea are skyrocketing

LONDON, Feb 25 (Reuters) – Insurers have raised the cost of cover for merchant ships crossing the Black Sea, adding to soaring freight rates in the region for vessels still ready to sail after the invasion of Ukraine by Russia. Shipowners pay war risk insurance annually as well as an additional “infraction” premium when entering … Read more

Analysis: Aircraft lessors prepare to fight insurers over Russian plane default

Passenger planes of Aeroflot – Russian Airlines are parked at Sheremetyevo International Airport in Moscow, Russia March 12, 2022. REUTERS/Marina Lystseva Join now for FREE unlimited access to Reuters.com Register Major landlord promises ‘vigorous’ pursuit of claims Legal expert says results could be unpredictable Soaring insurance rates ‘are not a pretty sight’ Lessors keep in … Read more

Explanation: Can companies leaving Russia recover their losses through insurance?

March 23 (Reuters) – Hundreds of companies said they were pulling out or suspending operations in Russia after it invaded Ukraine, by energy producer Shell Plc (SHELL) to car manufacturer Hyundai Motor Co (005380.KS) to PwC, a global professional services firm. Here’s a look at how insurance and international arbitration could soften the blow to … Read more

US and European stocks rise amid mixed earnings; The euro at its lowest since 2017

FILE PHOTO – A stockbroker works at the Frankfurt Stock Exchange as markets react to the coronavirus disease (COVID-19), at the Frankfurt Stock Exchange, Germany March 27, 2020. REUTERS/Kai Pfaffenbach Join now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, April 27 (Reuters) – Major U.S. and European stock indexes rose in choppy trading on … Read more

Fines, fear, self-censorship: Russia’s new Ukraine law casts chill

LONDON, March 11 (Reuters) – After almost eight hours sitting in a police station and court, Vera Kotova became one of the first people to be judged and fined just under $240 under a new Russian law to punish anyone deemed to have discredited the armed strengths. Her crime was writing “No to war” accompanied … Read more

Indonesia to ban palm oil exports to curb domestic prices

People buy cooking oil made from palm oil at a supermarket in Jakarta, Indonesia, March 27, 2022. REUTERS/Willy Kurniawan Join now for FREE unlimited access to Reuters.com Register ‘Totally unexpected’ ban says Indian trade group Government under pressure to control cooking oil prices Global prices hit record highs this year after Indonesian restrictions Food oil … Read more

Ukraine says 2,500-3,000 of its soldiers were killed in the war, not counting civilian deaths

Zelenskiy says 2,500-3,000 Ukrainian soldiers were killed About 20,000 Russian soldiers killed, he says Ukraine says street fighting continues in Mariupol The Russian Moskva, the largest ship sunk during the war in 40 years An industrial site affected in kyiv KYIV, April 16 (Reuters) – Ukrainian President Volodymyr Zelenskiy said around 2,500 to 3,000 Ukrainian … Read more

Pope’s Good Friday service text removed after Ukraine protest

Ukrainian and Russian women carry a cross as they attend the Via Crucis (Stations of the Cross) procession during Good Friday celebrations, at the Colosseum, in Rome, Italy, April 15, 2022. REUTERS/Guglielmo Mangiapane IMAGES TPX OF THE DAY Join now for FREE unlimited access to Reuters.com Register ROME, April 15 (Reuters) – A Ukrainian and … Read more

Ukrainian UIA loses insurance coverage for some aircraft in Ukrainian airspace

UIA insurers end cover for flights in Ukrainian airspace KLM halted flights, Lufthansa considering suspension BA takes longer path due to ‘geopolitics’, pilot says Insurance will also be considered, says OPSGROUP KYIV, Feb 14 (Reuters) – Two Ukrainian airlines revealed insurance problems for some of their flights on Monday as foreign carriers began avoiding the … Read more

“Fortress in a city”: Ukrainians cling to the Mariupol steel plant

April 15 (Reuters) – Explosions rumbled and smoke billowed this week in a beleaguered steel district of Mariupol, where waning Ukrainian forces are holed up as Russia tries to take full control of its largest city ​​to date. The Azovstal steelworks, one of Europe’s largest metallurgical plants, has become an apocalyptic redoubt for Ukrainian forces … Read more