If Vladimir Putin follows through on his threat to seize foreign-owned planes, Lloyd’s of London insurers could face losses of up to $10 billion. On Thursday, Russia published a draft law that would allow it to hold approximately 500 foreign-owned aircraft hostage. Western sanctions against the Kremlin have given leasing companies, many of which are… Continue reading Putin’s Threat to Hold Planes Hostage Leaves Lloyd’s of London Facing Billions in Losses
