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Russian oil headaches for buyers as crude prices hit $60

by AIP Online Bureau | Jul 15, 2023 | Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance, Risk Management

India and China have been the two dominant buyers of Russian crude since the invasion of Ukraine more than a year ago prompted others to shun the OPEC+ producer. As Urals climbs above the limit set by the Group of Seven, however, importers will face greater scrutiny...

Russia’s flagship crude oil surpasses G-7 price cap for first time

by AIP Online Bureau | Jul 13, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

For some buyers of the Russian flagship crude, the breaching of the cap poses an immediate headache. This is especially true in India, a market that has sustained Russian exports but where some purchasers are still reliant on key Western services to keep imports...

Russia rejects bank compromise as Black Sea grain expiry looms

by AIP Online Bureau | Jul 5, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Russia says the severing of the bank’s access to SWIFT is one of the obstacles facing its own exports of food and fertiliser, and that it cannot keep renewing the Black Sea deal unless those issues are addressed Russia on Tuesday restated a demand for its state...

Russian sexologists to target homosexuality, other ‘disorders’ under new rules

by AIP Online Bureau | Jun 30, 2023 | Facts, Health, Policy

The order, which takes effect on July 1, comes amid a clampdown on LGBT rights, which President Vladimir Putin has sought to portray as evidence of moral decay in Western countries and from which Russia must be protected Russian clinics will soon be staffed with...

Canada energy sector under threat from Russia-aligned hackers, spy agency says

by AIP Online Bureau | Jun 25, 2023 | Eco/Invest/Demography, Intermediaries, International News, Risk Management

The Communications Security Establishment (CSE) signals intelligence agency said Russia had repeatedly deployed destructive cyber attacks against its adversaries as geopolitical crises escalate Russia-aligned hackers could seek to disrupt Canada’s powerful oil and...
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