Insurers Signal Fallout From Sanctions On Russia

A year ago, the Financial Times reported how maritime insurers were concerned that sanctions targeting Russian oil exports would disrupt global supply chains, lead to higher prices, and make life for shippers and insurers more stressful. This week, the same publication sounded the sanction alarm again. But it is no longer a general concern about supply chains, oil prices, and the price cap compliance woes of shippers and insurers. It is now a much more direct concern about how cap-compliant companies are suffering lost business…