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United Kingdom and the European Union agree to implement a ban on insuring Russian oil tankers, which will be phased in beginning in 6 months.

The United Kingdom and the European Union agree to implement a ban on insuring Russian oil tankers, which will be phased in beginning in 6 months. This will effectively render the vast majority of oil tankers uninsurable as most institutions conducting insurance are located in Western Europe.

By Belfast Herald Staff Reporter1 min read

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BusinessUnited Kingdom and the European Union agree to implement a ban on insuring Russian oil tankers, which will be phased in beginning in 6 months.

The United Kingdom and the European Union agree to implement a ban on insuring Russian oil tankers, which will be phased in beginning in 6 months. This will effectively render the vast majority of oil tankers uninsurable as most institutions conducting insurance are located in Western Europe.

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