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Reuters
Reuters
Business

Japan firms to stop insuring ships in all Russian waters -Nikkei

Nikkei Japan Russia Insurance Natural Gas Ukraine

Three Japanese insurance companies will stop insuring ships for damage in all Russian waters due to the war in Ukraine, potentially affecting Japan's energy imports such as liquefied natural gas (LNG), the Nikkei newspaper said on Saturday.

Tokio Marine & Nichido Fire Insurance Co, Sompo Japan Insurance Inc and Mitsui Sumitomo Insurance Co started notifying shipowners about their decision on Friday, the business daily reported.

Calls to the three companies to seek comment went unanswered on Saturday.

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