Russia Ukraine war News

Cargo Ship Picking Up Ukrainian Grain Hits Russian Floating Mine in the Black Sea, Officials Say

KYIV, Ukraine (AP) — A civilian cargo ship struck a Russian mine in the Black Sea near Ukraine’s Danube ports Thursday, injuring two sailors, officials and analysts said, in an incident that underscored the dangers faced by those exporting Ukrainian …

Lloyd’s in Talks with UN over New Black Sea Grain Insurance Cover

LONDON –– Lloyd’s of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a new Black Sea corridor deal can be reached, its CEO John Neal told Reuters on Thursday. NATO member …

Ukraine in Talks With Insurers to Start Program to Cover Ships Hauling Grain Exports

Ukraine’s government is in talks with insurers to start a new program to cover ships hauling grain through some of the riskiest parts of the Black Sea. The service could start as soon as early September, though a precise framework …

Ukraine Starts Registering Ships for Black Sea Corridor, News Agency Reports

Ukraine, which is seeking to form safe shipping routes in the Black Sea, has started registering ships willing to use the corridor it announced earlier this week, a local news agency said on Saturday. Ukraine on Thursday announced a “humanitarian …

Romania Bids to Clear Danube Logjam After Ukraine Attack

BUCHAREST/KYIV —Romania expects around 30 ships from Ukraine to clear customs on the Danube River over the next two days as it bids to clear a logjam in the aftermath of Wednesday’s Russian attack on Ukraine’s main river port at …

Ukraine Cargo Insurance Policy Suspended After Russia Quits Grain Deal

LONDON –– A cargo insurance facility providing cover for Ukraine grain shipments via a safe sea corridor has been suspended after Russia quit the United Nations-backed agreement, broker Marsh said on Tuesday. Moscow has withdrawn from the year-old grain export …

Insurers Reviewing Black Sea Ship Cover After Russia Suspension

LONDON, July 17 (Reuters) – Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia said on Monday it will suspend participation in a UN-backed deal that allows the export of grain through …

Russia Still Uses Western Insurance for Half of Oil Shipments

Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to data compiled by Bloomberg, and the country’s energy officials are voicing concerns about the situation. The Group of Seven …

Banks, Financial Industry Hit by Rising Ransomware Attacks

Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made up for in volume,” according to a report by a financial services group. In its annual outlook on cyber threats, …

Aircraft Lessors, Insurers Jostle in UK Court over Stranded Jets in Russia

LONDON –– AerCap, the world’s biggest aircraft lessor, said on Monday it was inconceivable that it would not recover some losses from insurers over jets stranded in Russia, as lessors took their battle for redress to London’s High Court. More …