Japanese firms to halt shipping insurance for Russia – media ...News

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Japanese firms to halt shipping insurance for Russia – media
The decision could impact Tokyo’s oil and gas imports Three Japanese companies will stop providing insurance services for war damage to vessels in Russian waters, the Nikkei news outlet reports on Friday, citing unnamed sources. The decision was reportedly prompted by reinsurance companies refusing to take on risks related to the military operation in Ukraine, launched by Moscow on February 24. Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance have reportedly started notifying ship owners of plans to stop providing coverage for war damage anywhere in Russian waters, includi

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