by AIP Online Bureau | May 20, 2025 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance
The G7 price cap was agreed in December 2022, banning trade in Russian crude oil transported by tankers if the price paid was above $60 per barrel and prohibiting shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe,...
by AIP Online Bureau | Apr 3, 2025 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance, Risk Management
Such vessels are not regulated or covered by conventional Western insurers, posing the risk of unsafe tankers and environmental damage in the event of a wreck. The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was...
by AIP Online Bureau | Mar 25, 2025 | Eco/Invest/Demography, International News, Policy
The White House said in a statement that Washington would help restore Russia’s access to the world market for agricultural and fertiliser exports and would continue facilitating talks on both sides in a bid toward achieving a sustainable peace The United States...
by AIP Online Bureau | Feb 13, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance, Risk Management
Indian refining officials said they have told Russian oil suppliers and traders that the oil they sell should comply with parameters of the U.S. sanctions. “We don’t want to take risk. We are not going to touch any cargo that involves sanctioned entity or...
by AIP Online Bureau | Jan 13, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance, Risk Management
A senior Indian bureaucrat told reporters that sanctioned vessels won’t be allowed to discharge. That excludes ships chartered before Jan. 10, provided they unload by March 12. Indian banks will demand certificates of origin to ensure crude doesn’t come from...
