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Ship insurers from Western countries are cutting cover for major Russian shipping company Sovcomflot (SCF) as a result of multiple sanctions in the wake of Russia’s military offensive against Ukraine.
Protection and indemnity (P&I) insurer West was quoted as saying by Reuters: “In line with the applicable sanctions regimes, West has served 30 days’ notice of...
https://www.ship-technology.com/news/ship-insurers-terminate-russia-sovcomflot/