Skip to content

Ukraine Calls on Marine Insurers to Withdraw Russian Coverage

  • Insurers asked to boycott ships carrying Russian oil and gas
  • Ukrainian official asks for help to isolate Putin’s regime

The Ukrainian government has asked international marine insurers to stop all dealings with shipping companies carrying Russian fossil fuels in a bid to intensify pressure on Vladimir Putin’s regime.

Oleg Ustenko, Chief Economic Advisor to Ukrainian President Volodymyr Zelenskiy, urged a group of shipping insurance specialists to withdraw coverage in a bid to reduce cash flowing into Russia from international buyers of its energy.