The European Union’s 6th plan of assents versus Russia, authorized on Thursday, consists of a prompt restriction on brand-new insurance policy agreements for ships lugging Russian oil and also existing agreements are to be eliminated over 6 months, an EU authorities stated.
“It is a 6-month phase out for ship insurance. The six months are counted from the entry into force of the sanctions package, and it is only for existing contracts. New contracts are prohibited immediately,” the authorities stated.
The EU’s 6th assents plan will certainly become part of pressure as quickly as it is released in the main journal of the EU, most likely on Friday.
(Reuters – Reporting by Jan Strupczewski)
