London has announced its decision to prohibit Russian entities in the aviation and space industries from accessing its insurance market as part of sanctions against Moscow for invading Ukraine. “The UK Government will bring in legislation to prohibit UK-based insurance and reinsurance providers from undertaking financial transactions connected with a Russian entity or for use…
Russian Companies Barred From UK Insurance Market, Isolation Proving Costly to Economy
March 3, 2022
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Business & EconomyCompaniesEuropeLloyd's of LondonMarketsNew Sanctions on RussiareinsuranceRussia-Ukraine WarUKUK insurance companiesWorld
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