The European Union’s pledge to ban most Russian oil is forcing it to rewire an economy built on cheap Russian fuel—and threatens to deprive Moscow of revenue from its most valuable export. Senior EU officials are expected to approve the oil embargo in the coming days, intensifying the bloc’s economic retaliation against Russia for the… Continue reading EU Agrees on Insurance Ban for Ships Carrying Russian Oil
Tag: Russia invasion
Zurich Insurance to Exit Russia
Zurich Insurance Group AG said Friday it has agreed to sell its Russian operations to 11 members of its local team and will exit the market. Under the new owners, the business will operate independently under a different brand, the Swiss insurer said. “The transaction will allow the new company to retain a professional team… Continue reading Zurich Insurance to Exit Russia