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The Guardian - UK
The Guardian - UK
Business
Daniel Boffey in Kyiv

London body in row with Ukraine over insuring Russian oil-carrying ships

United States Oil Paul Jennings LSEG Corruption Ukraine United Kingdom
An oil tanker is seen by the Lakhta Centre business tower, the headquarters of Gazprom, in St Petersburg, Russia.
An oil tanker in St Petersburg. The head of the Ukrainian anti-corruption agency said it was asking insurers to do more than just follow the law. Photograph: Anatoly Maltsev/EPA

A City of London body whose members comprise the world’s biggest shipping insurers is embroiled in a row with Ukraine’s anti-corruption agency over enabling the export of Russian oil, the Guardian can reveal.

The International Group of Protection and Indemnity Clubs (IGP&I), whose members insure 90% of the world’s ocean-going tonnage, has enraged Ukrainian officials after failing to dissuade its members from insuring the transport of the Russian fossil fuel.

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