Billionaires Mikhail Fridman and Pyotr Aven were hit by the latest expansion of anti-Russia penalties The US government has extended its Russia-related sanctions over the Ukraine conflict, adding four prominent individuals and a business association to the list.
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Companies say they can no longer provide coverage to clients because reinsurers are exiting the region amid the conflict A group of companies known as P&I (protection and indemnity) clubs that offer insurance for the majority of the world’s ocean-going ships will stop providing war risk coverage in Russia, Ukraine and Belarus from January 1,…
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