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Lloyd's of London Supports Insurance Ban on Russian Ships

OIL

Lloyd's of London will continue supporting international sanctions against Russia, Lloyd's said in a statement today.

  • The Financial Times reported earlier, citing EU and UK officials, that London and Brussels agreed to introduce a coordinated ban on insuring vessels carrying Russian oil. It was noted that Russia will lose access to Lloyd's of London as a result.
  • "Lloyd’s supports and remains focused on the delivery of a global sanctions regime against the Russian state," the company said, adding “We are working closely with UK and international regulators and governments to implement the sanctions,”.
Energy BulletsCommodities
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