Global shipping insurers to scrap coverage for Russia, Ukraine and Belarus

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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Putin ‘surprised’ by referendum results

Outcome of the votes in Donbass and in Kherson and Zaporozhye regions is ‘conclusive and absolutely transparent,’ president said Vladimir Putin has said that the level of support for joining Russia seen in referendums in Donbass, and the regions of Kherson and Zaporozhye has surpassed his own expectations. He also praised people who defied security…

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Russia sanctions behind EU diesel shortage – Bloomberg

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