TOKYO (dpa-AFX) – According to a media report, three Japanese financial institutions will soon stop insuring ships against war damage in all Russian waters. The three insurance companies Tokyo Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance have started informing shipping companies of their decision, Japan’s financial newspaper “Nikkei Asia” reported on Saturday. As a result, as of January 1, they will no longer cover damages resulting from the Russian war of aggression against Ukraine. This applies to all Russian waters, no matter how far from the war.
Without additional security, operating vessels in Russian waters would become too risky for most operators. This could also affect Japan’s imports of natural gas, which comes from Russia’s Far Eastern island of Sakhalin, he said./ln/DP/he
