Lloyd’s of London, a UK-based insurance and reinsurance market, is staring at potential losses worth billions of dollars after Russia threatened that it would seize planes owned by foreign entities. According to proposals made by the Russian transport ministry, based on multiple media reports, if foreign leasing companies that have leased planes to Russian airline…
Lloyd’s of London Facing Billions in Losses After Russia Proposes to Retain Foreign Leased Aircraft
March 11, 2022
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