{"id":38891,"date":"2022-06-01T09:33:02","date_gmt":"2022-06-01T06:33:02","guid":{"rendered":"https:\/\/www.ukrgate.com\/eng\/?p=38891"},"modified":"2022-06-01T09:33:06","modified_gmt":"2022-06-01T06:33:06","slug":"media-britain-and-eu-agree-on-ban-on-insurance-of-ships-carrying-russian-oil","status":"publish","type":"post","link":"https:\/\/www.ukrgate.com\/eng\/?p=38891","title":{"rendered":"Media: Britain and EU agree on ban on insurance of ships carrying Russian oil"},"content":{"rendered":"\n

KYIV.\u00a0UkraineGate , 1 June , 2022 | Society.\u00a0<\/strong><\/p>\n\n\n\n

The United Kingdom and the EU have agreed on a coordinated ban on insurance of ships carrying Russian oil, the ban will be part of a new package of EU sanctions against Russia.\u00a0This was reported by the Financial Times with reference to British and European officials .<\/strong><\/p>\n\n\n\n

Details<\/strong><\/p>\n\n\n\n

It is noted that this decision will close the largest insurance market for Moscow – “Lloyd’s of London” (Lloyd’s of London), which will severely limit Russia’s ability to export oil.<\/p>\n\n\n\n

The day before, the European Union agreed on new sanctions against Russia, which include a partial ban on Russian oil exports to the EU. At the same time, according to The Wall Street Journal, the ban on ship insurance will seriously undermine Russia’s ability to sell its oil in Asia.<\/p>\n\n\n\n

Shipowners and traders receive two main types of insurance to protect against potential losses. One of them is hull and equipment insurance against physical damage to ships, which is usually purchased at Lloyd’s of London.<\/p>\n\n\n\n

A ban coordinated with the UK could have far-reaching consequences for Russia, forcing it to seek insurance in smaller, less developed markets.<\/p>\n\n\n\n

According to the Financial Times, the issue of insurance has become a major stumbling block in the development of a decision on an embargo on Russian oil.<\/p>\n\n\n\n

Brussels has expressed concern that if the EU acts independently on insurance sanctions against Russia, there will be a “problem with a level playing field”. Greece and Cyprus, which have significant areas of shipping, agreed only after the UK pledged to follow suit.<\/p>\n\n\n\n

Addition <\/strong><\/p>\n\n\n\n

The United States is concerned about Russia’s attempts to “establish institutional control over Ukraine’s sovereign territories, especially in the Kherson region.”\u00a0Washington will\u00a0tighten<\/a>\u00a0sanctions against Russia for criminal acts.<\/p>\n\n\n\n

Source:\u00a0Ukrgate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

KYIV.\u00a0UkraineGate , 1 June , 2022 | Society.\u00a0 The United Kingdom and the EU have agreed on a coordinated ban on insurance of ships carrying Russian oil, the ban will be part of a new package of EU sanctions against Russia.\u00a0This was reported by the Financial Times with reference to British and European officials . […]<\/p>\n","protected":false},"author":14,"featured_media":38892,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11447],"tags":[2415,2528,377,3765,839],"class_list":["post-38891","post","type-post","status-publish","format-standard","has-post-thumbnail","category-society","tag-ban","tag-britain","tag-eu","tag-media","tag-ships"],"_links":{"self":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/38891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38891"}],"version-history":[{"count":1,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/38891\/revisions"}],"predecessor-version":[{"id":38903,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/38891\/revisions\/38903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/media\/38892"}],"wp:attachment":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}