EU may introduce insurance ban for ships carrying Russian oil: Ukraine

The EU and the UK are also discussing a coordinated ban on insuring ships carrying Russian oil.
EU may introduce insurance ban for ships carrying Russian oil: Ukraine
Representative image

KIEV: The European Union may introduce an insurance ban for ships carrying Russian oil, Andriy Yermak, Head of the Office of the President of Ukraine has said.

"According to the data from Wall Street Journal, this will be part of the sixth sanctions package. This ban is one of the most serious financial instruments of the EU's influence that the bloc has at its disposal to harm the Russian economy. Now it will be difficult for Russia to sell its oil to Asia, as European companies insure most of the world's oil trade," Yermak wrote on Telegram.

The EU and the UK are also discussing a coordinated ban on insuring ships carrying Russian oil, he asserted.

Are you in Chennai? Then click here to get our newspaper at your doorstep!

Are you in Chennai?  Then click here to get our newspaper at your doorstep!! 

Related Stories

No stories found.
DT next
www.dtnext.in