Insurance Ban on Tankers Could Lock in Russian Oil, Yellen Says

American Club insuring Iran oil

US Treasury Secretary Janet Yellen said a plan to prohibit European and British companies from insuring tanker shipments of Russian oil could help limit Moscow’s energy revenues as allies seek to limit revenues flowing to Moscow. The United States has already prohibited Russian oil imports, and the European Union has agreed to prohibit Russian crude… Continue reading Insurance Ban on Tankers Could Lock in Russian Oil, Yellen Says