Russia’s oil exports will be further reduced according to UK plans to join the EU in banning Russian ships.
The ban will leave Russia out of London’s crucial Lloyd’s insurance market, which is expected to significantly restrict Moscow’s ability to sell oil worldwide.
Ursula von der Leyen, President of the European Commission, said this week that EU leaders had agreed “a ban on the insurance and reinsurance of Russian ships by EU companies” as part of their latest package of sanctions in Moscow, which includes the gradual introduction of a embargo. in 90% of EU imports.
The UK will introduce the same sanctions as part of a coordinated ban, according to plans first reported