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The Weekly Rundown: Insurers Drop Marine War Coverage in Russia, Sweden Takes Over the EU Presidency

MIN READDec 31, 2022 | 14:00 GMT

Most Western insurers for marine traffic will stop providing coverage for war-related risks in Russian, Ukrainian and Belarusian waters effective Jan. 1, 2023. The drop in coverage will result in some tankers refraining from sailing in Russian waters, even in Russia's Far East, or in tankers operating without insurance.

Most Western insurers for marine traffic will stop providing coverage for war-related risks in Russian, Ukrainian and Belarusian waters effective Jan. 1, 2023.

(Shutterstock)

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