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Russian insurance shores up cheaper oil exports to top buyer India

Russian insurance shores up cheaper oil exports to top buyer India

by AIP Online Bureau | Sep 18, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

By using Russian insurers, Moscow can sell the oil above a $60 per barrel price cap that the Group of Seven (G7), the European Union and Australia imposed aiming to limit Russia’s oil revenue following its invasion of Ukraine. Over 60% of Russia’s seaborne...

Russian cybersecurity firm Kaspersky Labs to wind down US operations

by AIP Online Bureau | Jul 18, 2024 | International News, Technology

Kaspersky Labs will gradually wind down its U.S. operations from July 20, the Russian anti-virus software maker said on Monday, nearly a month after the Biden administration announced plans to bar sales of the company in the country. Kaspersky, which will eliminate...

After Oil, Russia may be building a shadow fleet for gas

by AIP Online Bureau | Jun 30, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Gas is key to the Kremlin’s plans to boost exports, replenish government coffers and fund its war machine — but that requires a larger share of the global LNG market, now that the once-lucrative European pipeline trade has been almost cut off. To date, expansion plans...

Biden bans US sales of Kaspersky software over Russia ties

by AIP Online Bureau | Jun 21, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

Moscow’s influence over the company was found to pose a significant risk, Commerce Secretary Gina Raimondo said on a briefing call with reporters on Thursday.The software’s privileged access to a computer’s systems could allow it to steal sensitive...

World’s largest shipping register withdraws its approval for Russia’s Ingosstrakh Insurance

by AIP Online Bureau | Jun 18, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

In practice, the Liberia’s move may well prove symbolic. There are only three vessels covered by Ingosstrakh that sail under the flag of Liberia and none of them are oil tankers, according to a vessel database maintained for the International Maritime Organization The...
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