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Reuters
Reuters
Business
By Jonathan Saul

Insurers count the cost of ships snagged in Ukraine crisis

FILE PHOTO: A view shows a grain terminal in the sea port in Odesa after restarting grain exports, as Russia's attack on Ukraine continues, Ukraine August 19, 2022. REUTERS/Valentyn Ogirenko

Insurers are facing half a billion dollars in claims for up to 60 commercial ships still stuck in Ukraine a year after the start of the war with Russia, industry sources said.

When the conflict started, more than 90 merchant ships - many with food cargoes onboard - and some 2,000 crew members were caught in Ukraine and unable to leave due to the fighting.

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