Lloyd’s of London’s Ascot, Marsh provide insurance for Ukraine Black Sea corridor

LONDON — Lloyd’s of London insurer Ascot and broker Marsh on Friday launched marine cargo and war insurance for grain and food products moving from Ukrainian Black Sea ports, removing a hurdle to getting shipments underway. Russia and Ukraine signed a deal last week, brokered by Turkey and the United Nations, to reopen grain and […]

As Ukraine grain deal emerges, US aims to ease concerns over Russia sanctions

WASHINGTON — The United States on Thursday sought to facilitate Russian food and fertilizer exports by reassuring banks, shipping and insurance companies that such transactions would not breach Washington’s sanctions on Moscow over its invasion of Ukraine. Enabling those Russian exports is a key part of attempts by the United Nations and Turkish officials to […]